Cistron Biotechnology(CIST)$.30 Message Board

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

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To: Steve Harmon who wrote (1029)	2/10/1998 1:29:00 PM
From: Rudy Saucillo	Read Replies (3) of 2742

I'm as frustrated as anyone about the lack of visible progress by BlueStone. But given the financial incentives of their contract, I find it hard to believe they're not doing something. Using your numbers, Steve, and assuming all warrants have a strike price of 25 cents, BlueStone could make a quick $1+ million if they simply sold the company for fair value. Given all CIST's cash and their lock on IL-1b, it shouldn't be hard to do. A potential $1 million windfall would certainly motivate me to get on the horn and cut a deal! It'll be interesting to see if the BlueStone contract is extended this month. Also looking forward to the periodontal longitudinal study results and the 10Q due out in a few days. Rudy

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