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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: Walter Morton who wrote (1007)1/18/1998 2:59:00 PM
From: Steve Harmon  Read Replies (1) of 2742
 
Walter,

True. The Warner-Lambert dumping brought CIST's stock price from the silly to the absurd.

Fundamentally CIST is making great moves:
1)The share buyback by Galton increased the value of our shares on paper.
2)The flu vaccine news with Novavax(NOX) increases the value of IL-1(which has a market value of 0).

The thing that is destroying CIST is the LOUSY stock support they have. Since the IL-1 flu vaccine news with NOX came out in early DEC. Novavax's stock price has been rising(market value increased $18 million since then). NOX's investment banker the Anaconda Funds are giving them very good stock support. Too bad we didn't hire them. If we did we wouldn't be trading at 1/6th the value of CIST's cash and IL-1.
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