VICL (Vical Labs) Message Board

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Biotech / Medical : VICL (Vical Labs)

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To: Scott H. Davis who wrote (456)	1/5/1998 10:23:00 PM
From: William Strop	Read Replies (2) of 1972

Scott, It's been awhile, but I'm back online. In response to your request for opinions as to why buy Vical now...... 1) I consider them a long term (at least 10 years) play in the biotech field and one never know when & why the stock will move, so some sort of position is required (ie.. misery likes company); 2) I have owned them for 35 months & have seen mostly good news during that time, that has not been reflected in the stock price (ie... undervalued); 3) Merck finished their Phase I Influenza clinical in April/1996, has announced nothing, but Vical has sold three licenses for Naked DNA use since these clinicals (ie... the product works to some extent); 4) Vical has a substantial amount of cash (>$40m), a relatively small quantity of shares (around 15m) and a slow burn rate (ie... potential for a move); 6) State of Wisconsin Investment Board owns around 1.43m shares or just over 9% (ie...???); 7) You could check through my posts, if you want for I still believe in what I said in them.... I haven't called IR (Alan Engbring) for awhile, (been a little busy)... I think I will soon & will report back any amazing news... ttyl Bill

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