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Biotech / Medical : Zonagen (zona) - good buy?

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To: Claud B who wrote (1022)12/16/1997 7:18:00 PM
From: Bill Wexler  Read Replies (2) of 7041
 
<<Always helps to have the facts before you leap.>>

I may have more insight into Zonagen than you think.

There will be no FDA approval of VASOMAX because it is useless for ED. This whole thing was a sham from beginning to end.

I have a high degree of confidence that the officers of the company are well aware that the stock price is now hinging on a worthless product. This is exactly why they are playing the press release game, announcing stock buybacks even though they are a development stage company with no significant revenues. This is also exactly why the results of Phase II and III trials are being obfuscated in the hopes that more arm-waving and outright lies by paid shills will give them enough time to cash out.

IMO Zoangen is now a fraudulent enterprise that exists for the sole purpose of selling worthless stock to unsuspecting victims.
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