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Biotech / Medical : North American Vaccine

NVX 1.133

-16.7%

Jan 16 3:59 PM EST

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To: Don W Stone who wrote (325)	3/18/1998 2:19:00 PM
From: Rick Strange	Read Replies (1) of 507

On March 15, 1998 I wrote (Yahoo NVX#117) about what I believed at that time, to be a significant change in the position of NVX's largest institutional shareholder. The information that I posted was from 13G/A reports dated 2/12/98 and 2/20/98 from the SEC EDGAR database relating to NVX filings. I cross-checked the information by looking at holding reported by Denver Investment Advisors via an EDGAR search. A day latter (Yahoo#123) you posted that the information contained within the 13G/A dated 2/12/98 was in error and that the share information really related to Newpark Resources holdings. Within hours, as soon as I saw your post and was able to verify that your information was correct, I acknowledged (Yahoo#126) that my original report was in error and that I was wrong. How could I have made such a blunder? I invite anyone, more objective than yourself, to pull up the 2/20/98 13G/A in question by doing an EDGAR search either under NVX or Denver Investment Advisors. They will find that the very first items of information within that report identify the report as about NVX as reported by Denver Investment Advisors. My error was that I scanned directly from there to the data about share information. Had I read the "boilerplate" line-by-line I would have probably seen the reference to Newpark. I didn't and as it was I wrote a report based upon a corrupted and erroneous SEC file. The SEC is now aware of this file and acknowledge a data entry error and have said that they will fix the problem. I have never tried to hide the fact that I consider NVX to be way overvalued and from time to time have held either short positions or owned puts. As for desperation, I can understand yours in light of the fact that NVX is 40% off its highs since October. Yours is the hysterical voice in this dialog. Finaly, you have never shown a willingness to explore a difference of opinion. Indeed, too often when you lack facts or logic to support your point of view you resort to insults to silence those critical of NVX.

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