Zonagen (zona) - good buy? Message Board

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

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To: Michael Bidder who wrote (1209)	12/22/1997 1:20:00 AM
From: Bill Wexler	Read Replies (1) of 7041

There is no "conspiracy to squeeze the shorts". ...and there isn't a "conspiracy" by short-sellers to drive down the stock of the company. The market is doing all the talking, and right now it seems to think (correctly) that this company is a scam. That's why there was lots of selling on high volume. If anyone out there is foolish enough to try and corner this stock while the news just keeps getting worse then I would simply consider it another transfer of wealth to patient short-sellers. I couldn't ask for a nicer Christmas present. However; I would consider this highly unlikely since most of the insiders have already bailed. The stock is so dilute and such a small percentage is held by mangement that it would be extremely difficult toi orchestrate a squeeze without putting up a lot of cash.

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