Progen Industries Ltd (PGLAF) Message Board

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Biotech / Medical : Progen Industries Ltd (PGLAF)

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To: caselli who wrote (299)	12/14/2004 12:49:07 AM
From: Henrik	of 349

caselli asked: “You still positive on this security?” Yes I am and remain long. In fact bought some more. The science hasn’t changed, but in the absent of one of the following events, and the list could be longer, the stock will continue to drift. (you would have read this when I posted it on Yahoo) - The FDA door marked “Fast Track” opens - Release of further positive data from the current trials - The announcement of a partner deal - PI-88 entering Phase III - Positive results from another biotech using a similar compound (can also be a negative for Progen) - A greater market interest in investing in biotech. - An attempt to buy out Progen (market cap ~ $120mil)

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