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Biotech / Medical : Lidak Pharm. [LDAKA]
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To: Red Dragon who wrote (801)1/9/1998 12:52:00 AM
From: Charles Holewinski  Read Replies (1) of 1115
 
Hi Red,

Saw your post in which you mentioned that your were introduced to LIDAK via BI Research. I also learned of LIDAK through BI. That was several years ago and many ups and downs in LIDAK. I am still holding several thousand shares just hoping that all will work out for the best and perhaps the stock will go to 10. This whole ordeal with LIDAK has been one of waiting for test results only to be disappointed time after time.

One thing I have notices about LIDAK management, they don't seem to be very public about key info like specific test result numbers and now the specific reason why BMY pulled out of the agreement with LIDAK. The key reason why I am still holding on to my shares was that BMY, a drug company with a great reputation, had and agreement with LIDAK. It always apeared that BMY was given access to data, which mere investors like us couldn't see and which revealed a great future for LIDAKOL.

If Katz saw fit to tell us that the cancelling by BMY had nothing to do over the effectiveness of LIDAKOL, it seems to me he could have told us the whole story. Katz is in for some real trouble if the effectiveness of LIDAKOL had anything to do with BMY leaving, like a law suit. I don't like them since no one wins.

About BI Research! Do you still get this letter? I do and lately it has come up with a string of losers. Several years ago this news letter was one of the best in the country with maybe one in five or six recommendations winding up out of the money. Now it is a rear event when one stays in the money.

Charlie
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