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Biotech / Medical : Somatogen (SMTG)
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To: jackie who wrote (257)8/18/1997 9:50:00 PM
From: Ford Investor  Read Replies (1) of 442
 
Jack:

I had spoken with my broker at A.G. Edwards and he has a substantial position in SMTG with both options and stock. He really likes the company for the future and sees the company going over $20 by the end of the year. The options for SMTG are trading relatively cheap right now. I feel it is a great time to get into this company if you have the guts to lay it on the line. This stock is for no whimps. Here are all the reasons I am basing my decision on:

1) Shareholder Rights Plan.
2) Only company offering recombinant hemoglobin technology.
3) Currently restructuring because of Eli Lilly pullout.
4) Directors have bought stock in the company.
5) My A.G. Edwards broker bought stock and options in SMTG.
6) No side effects reported on the product.
7) Very specific press releases and letters to shareholders:
somatogen.com
8) Dr. Barai's postings because of his extensive knowledge as a hematologist.
9) Jim McCamant, editor of the "Medical Technology Stock Letter", looking bullish for SMTG.
10) Aggressive company. (forget the less important uses for Optro and hit the BIG surgeries : cardiopulmonary bypass, hip surgery)
11) FDA has allowed the company to get this far with testing.
12) No lawsuits against them for patent infringement.
13) Company is currently in talks with several potential companies for partnership.
14) No one has left the company recently because of Lilly's pullout.
15) Expected announcement for completion of Phase II trials in October 1997.

Well, those are some of the things I rattled off the top of my head. If this company hits big, I will personally go to Boulder, Colorado and share in the excitement inside the company. Anyone else coming along???
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