Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Hank who wrote (6548)	11/6/1997 9:22:00 AM
From: Pancho Villa	Read Replies (2) of 9285

Hank, of my head, IPIC's cash is in the 8 to low nine figures, revenues have dried up significantly and thier burn rate is in the 20-30MM range (I expect it to increase). I agree Wyeth is a bigger fish but the smart lawers will go for both. On a case by case basis, as long as IPIC is not "cry" to a lawer it is as attarctive or even more attractive that Wyrth. Then, also you have the issue of Wyeth trying to pass the buck the American Home Products as the contractual arrangement appears to indicate this is the case. The Barron's article on IPIC and the 10K's have details on this. The optimal strategy for management here would be to pin everything on a small company that then dafaults, if you are short the stock you know the ncie outcome of this. As usual nice chatting with you! Pancho

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