SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Zonagen (zona) - good buy?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dauntless who wrote (2212)2/3/1998 1:29:00 PM
From: mc  Read Replies (1) of 7041
 
Dauntless and other longs out there, I'd like your opinion about a couple of things.

First, what was the point of the last stock offering? If they didn't need the cash, and it would seem they didn't because now they're spending it to buy back stock and not on R&D or operations, then why did they offer it?

Second, why do you treat the management of the company any different than Bill Wexler? They're both selling high and buying low and taking the money out of the longs' pockets along the way.

If they didn't need the cash then they are diluting your holdings for no reason. If they did need the cash then they are setting themselves up for a fall by spending it on stock when it will be needed for other necessary expenditures. Either way, I don't see how this is favorable for the company.

Gary
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News