Cistron Biotechnology(CIST)$.30 Message Board

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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: Zvi Steinberg who wrote (893)	11/2/1997 8:12:00 PM
From: Steve Harmon	Read Replies (2) of 2742

Zvi, Those terms refer to the selling pressure on CIST's stock over the past year since the IMMUNEX patent case was settled. I knew that a big seller had to be selling for CIST not to have moved higher over the last year. So I decided to dig DEEP and find out. Here is what I found: FACTS: Grauz(former CEO and chairman)-Current holdings are at 5.8 mil.>>minimal reduction in holdings in the last year.(less than 100K sold) Warner-Lambert-4.1 mil.>>No selling. Edelman(CIST VP)-2.4 mil.>>No selling. Mark Capital-Less than 500K shares>>SOLD 1.4 million shares in the last year. The good news is that CIST's mgt. could EASILY remove this OVER HANG on Monday if they wanted to INCREASE shareholder value. Steve H.

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