No Barb, I didn't bring it up
I was responding to Cacaito's post to me - and furthermore I don't give a damn about how it played out on the Solv Ex thread.
For those on this thread who are unfamiliar with the Solv Ex story, click on the following link and be transported to Asholioland to read about this gem.
asensio.com
A very interesting mess but very different, in fundamental ways, from the Zonagen story -
You wrote - <<I heard the same garbage on that thread>>
Well, IMO, it's not garbage & here's some of the reasons why....
- Zonagen founded through a technology transfer program from the Baylor College of Medicine.
- Baylor College of Medicine initially a major stockholder with board representation.
- Initial investors were some of the best known venture capital firms including Ross Perot's
- There were no "convicted securities fraud felon" (Asensio's term) among the founders
- Zonagen is developing a pharmaceutical - not a coal mine
- Zonagen's facilities are in a well known, suburban area - not a remote, inaccessible part of Canada
- The development of Zonagen's products are conducted under the regulations issued by the FDA - not too easy to fool
- Zonagen's developments to date have been scrutinized by four major pharmaceutical companies - especially by SGP
- etc., etc., etc.
Maybe it's me, but I just don't see too much similarity - or too much reason to worry about fraud in Zonagen's case. There's regulatory risk (always), there's patent risk (always - until it issues), market risk - maybe some others - but not fraud. |
