Cistron Biotechnology(CIST)$.30 Message Board

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

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To: John Metcalf who wrote (908)	11/6/1997 4:30:00 PM
From: Steve Harmon	Read Replies (1) of 2742

Receiving another $3 mil. from Immunex this month. Immunex will pay up. Actually the $500,000 share buy back is actually less than 4% of CIST's cash and cash receivables from IMNX. Cash burn at CIST is extremely low. I am just stating that this is just one way for CIST to eliminate the current over hang from MARK CAPITAL. The market makers in CIST's stock know of this selling pressure and until it is eliminated CIST will continue to trade at these SILLY levels. Oh what the heck, just use $250,000 or less than 2% of CIST'S cash and cash receivables in a buyback. At these levels that would take care of the overhang and still give CIST good stock support. Remember, MGT just dished out $150,000 in bonuses and salary increases recently to themselves(which i thought was well deserved). So money must not be that tight. I just thought that the CIST shareholders could be rewarded also.

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