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Biotech / Medical : Neurobiological Tech (NTII)
NTII 0.00010000.0%Mar 7 3:00 PM EST

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To: Dr. John M. de Castro who wrote (206)12/17/1997 12:44:00 PM
From: Howard Frederick  Read Replies (1) of 1494
 
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There has been no announcement of delisting. The stock is getting hammered for no apparent reason. IMO, it is a combination of tax loss selling and a fear of delisting. However, lost in the shuffle is the fact that NTII will have results from the Phase II neuropathic pain trial in January. If these results are positive, and I'm very optimistic
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My take is that the stock is getting hammered primarily because of fears it may no longer be a going concern. The results of the above metioned Phase II trial cannot be overstated. If the results are good enough to cause optimism about Memantine and a favorable partnership, you can get multiples on your money at these levels.

If the results are inconclusive or poor, you may only get a fraction of these levels back. NTII would almost certainly no longer be in business, the only question being what it would be sold for. Delisting would be the least of your problems.

I still own some stock in NTII, and sincerely hope the trial shows good results. Also considering picking up more at these levels.

Regardless, this stock is a huge gamble.
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