Essential Therapeutics (ETRX) formerly Microcide (MCDE Message Board

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Biotech / Medical : Essential Therapeutics (ETRX) formerly Microcide (MCDE

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To: John O'Neill who wrote ()	2/4/1998 5:46:00 PM
From: John O'Neill	Read Replies (1) of 415

Apparently the flood of recent selling is connected to the 2 year restriction of venture capitalists who backed the initial offering & have stock at a very low price. H&Q considers the stock to be extremely undervalued at @$ 7 1/2. The venture capitalists can sell at these levels and still profit well. It is their nature to not hold the security..I.E. big time buying opportunity John

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