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Biotech / Medical : Zonagen (zona) - good buy?
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To: Claud B who wrote (998)12/15/1997 9:33:00 PM
From: Bill Wexler  Read Replies (1) of 7041
 
With about 12 million fully diluted shares, and the avg. daily volume climbing precipitously...I would say that 2 million shares (about 17% of shares outstanding and 20% of the float) short is miniscule for a company in this condition. I'll bet that the days to cover dips below 3 before very long. Furthermore, I'm very sure that Manuel Asensio holds a big chunk of that position, and I seriously doubt he will cover until his target price is reached.
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