IPIC Message Board - Msg: 2255009

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Biotech / Medical : IPIC

IPIC 0.0001000

0.0%

Aug 15 3:35 PM EST

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To: WeirdPro Randy who wrote (719)	9/23/1997 10:31:00 AM
From: Jack Ryan	of 1359

The burn rate for IPIC is very large. My understanding is they have about 140 million and are spending over 40 million a year without the issue of lawsuits taking some of that. If they don't have significant income soon (when will citicoline start making money and will it ever as a result of the uncertainties already mentioned by Pancho despite its hopeful potential). It is my opinion that the stock price is being held up by wishful longs and that it will erode down to the 6 or 7 area. Longs shouldn't get mad at this view but should consider, at the very least, protecting themselves with puts (or selling calls as a previous person suggested) just as you would buy insurance policies. To the question, when will it be a good buy? If ever it will be much lower or much later. Even if all the "long" arguments are correct timing is everything and it will take time for the company to recover from this dark cloud over its head. In my opinion it is better to miss a few points on what could be a false rally than buy and see it fall. "If" the stock does recover there is plenty of time to buy in after it crosses the 20 line -- because if it ever does get above that level, in my opinion, it will keep on going and I will have been wrong. You can still make a double if it goes to 40. Meantime, if I am right and it goes to 6 or 7 why expose yourself unless you treat this as a crap shoot speculation which I admit I have and am prepared to lose without too much crying. Good luck to all. P.S. I have no desire to see anyone suffer or to gloat over anyone's pain. Jack

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