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Microcap & Penny Stocks : EXTI - only public co. developing liver device

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To: Shay Berthelson who wrote (81)11/5/1997 5:38:00 PM
From: Danny Kim   of 1063
 
Shay, thanks for the update. FYI...there are three phases in clinical trials. Phase I is done on animals to demonstrate safety. Phase II is done on humans to demonstrate effectiveness. Phase III is to further demonstrate safety and efficacy. Last time I talk to EXTI the person said they already tested it on animals - and I assume this is not official Phase I but if true perhaps it will speed up the Phase I process. TM, waaaay back, posted he talked to one of the scientic advisors who stated that the machine really works and since that advisor is suppose to be best liver expert in the nation, with his reputation at stake his comment is significant. . I am not paying much attention to little moves (granted it almost tripled since last week but minor relative to where it can go from here) of late and got my sight on bigger gains. Upon private placement and completion of Phase I it will likely attract big institutional investors and that's what it will take for a stock to take off beyond $1. This is still a riskly speculation but it is nice to get in early, and I think we are still in early stages. Look at some of other startup biotech companies with deep pocket investors.and where they are in terms of share price relative to stage in development. EXTI still has a lot of room to grow. What attracted me to this in the first place was that they already developed the machine...many companies are still tryting to figure out the product, let alone initiating Phase I. Patience is the key in making significant $$$ (it can also cause you to lose big $$$ as well, oh well that's why I call it a speculation).
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