Galagen(ggen) Message Board

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Biotech / Medical : Galagen(ggen)

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To: trevor john wilkinson who wrote ()	2/24/1998 2:39:00 AM
From: Dan Turner	Read Replies (1) of 69

Well, how about this for a shocking move! I don't see any news on the company, either! Let's see: as of the last quarter GGEN had a book value of $1.01/share and of that $1.00 was cash on hand. There have been very few announcements, nothing to indicate any serious drain on the cash. Yet the last trade today went at 7/8. Someone sold the stock for less than its book value, probably less than its cash. Would you pay 90 cents for a dollar? Something is definitely nutty! Yet, everything I have heard about this management and their contacts indicates they have excellent reputations. From what I see there's less than 3M shares in the float and over 1M traded today -- way, way, way, way, way more than ever before. What a world! -DT

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