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Biotech / Medical : Biotech for less than a buck.

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To: RWReeves who wrote (716)	1/28/2004 11:24:17 AM
From: RWReeves	Read Replies (1) of 743

Housekeeping. Updates. removed dead and acquired positions in SRK TXBI VYSI PTXX LXRI CNSI OPHM When these zero'ed out the balance went with them so we took a good size hit, which I cannot quantify without a lot of work. So we just write it off. Onward. We had about 75K in cash and some will be used today. We will also be selling some positions to tank up on $. I also need to readjust our start value back to $100,000 somehow it moved up to $119,000. Will be working on that too. Adding 10,000 shares of LSBC Large Scale Biotech which is a about where we like to see our game- less than 5 bucks, more than 1 buck. Have made pretty good progress in plant expression of antibody function molecules (they are not identical if I recall but functionally work pretty well. Gets around the 1. Where did you get that Antibody from? Problem (murine, BSE, etc). Nobody is likely to get tobacco mosaic virus, now are they? 2. emerging protein chip diagnostics will need cheap cheap antibody like binding moities and stable high volume sources. LSBC seems to be able to fill this bill pretty well. That said, they have an unusual structure and not the most cash in the world but they do have (gasp) revenues and looks like they will be increasing those with new product intros. Likely a sleeper that will pop at some point down the road as it seems to be far below most radars. Purchase price : 2.24 (+) tick Disclosure: Yes, I hold some in my personal portfolios siliconinvestor.com RWR

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