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

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To: Claud B who wrote (1657)1/13/1998 11:14:00 PM
From: Bill Wexler  Read Replies (1) of 7041
 
<<What happened to "Zero?">>

Zero is a number that is lower than the low single digits. Does that help you?

I have no doubt that Zonagen will soon trade in the low single digits. When I say "Short to zero." I basically mean that Zonagen is a "never cover" short, i.e. it will eventually be delisted, go out of business, or fall into the pink sheet swamp. Even bankrupt frauds may have a market - mostly from short sellers wishing to close out positions and offering a small bid for certificates (such as Solv-ex...symbol: SOLQC) - but for all intensive purposes, it's a "zero".

From past experience, I know that stocks like Zonagen can bounce around on the floor for a long time (sometimes years) before dying completely. On rare occasion, they may fold into another shell and rise from the ashes as a brand-spanking new fraud, such as the former Diana Corporation which transformed itself into Coyote Network Systems, and is now busily engaging itself into ripping off a new bunch of suckers.

Zonagen is a fraud and a scam.

Regards,

Bill Wexler - who doesn't own a Ferrari, nor does he brag on internet chat forums that he owns one.
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