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Biotech / Medical : Biotech Holdings

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To: tommysdad who wrote (78)	10/3/1997 12:17:00 PM
From: Mike Heimbuch	of 224

It is good to see that someone (anyone) is staying abreast of the pr from Biotech Holdings. It is interesting to note that the medical folks affiliated with the company who are familiar with drug development - think this is a very big story. It seems reasonable to assume that the company had a significant learning curve to overcome this last year in regards to reaching for the big time. They have taken steps to make up for that lack of experience and seem to be moving in a positive direction. The North American investment community will probably continue to pay the company scant attention while is remains a penny stock, and is a foreign company without much of a record. There are developments worth watching here - and of particular interest will be the probable financial stability of the company by year end and the details of a likely joint venture in China for the distribution of DIAB II. I have clients interested and invested in the company - which remains a substantial risk venture. Best of luck. Mike up North

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