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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: W. Damberg who wrote (992)	3/21/1998 11:29:00 PM
From: luis a. garcia	of 1115

Right on William I wellcome you to the debate. These are the issues I think will help us make or at least arrive at the proper conclusion. I have posted extensively in Yahoo and it is debilitating to fight each point over and over.. but as you know and coincidentaly today I pulled the vickers report and I noted exactly what you have posted Townle and Samuels bailed out at the high point. Katz did not. As you know I favor dc Yacatan as a logical choice.. I have posted about Olson and Weinress (he is been there 6 months and filed NDA in 4 months) Olson is former CEO of proxima...he is a good man too. But as you know I don't know anything about Towle and Samuels and have not commented on them. Trial results are independent and sealed and I don't know what the history was at that time... However dc Katz should have moved them out long ago if it wasn't they were ENABLING HIM.... so in a way I am not IMPRESSED with dc Katz who has received more increases and takes out him and his family a small fortune out of Lidak every year. I am tired of insider deals and have posted to that effect in Yahoo tonight please review. dc Katz by going over to Healtmed behind our backs on his own private deal eating our rally in 97 and our lunch again... not peer reviewing the lidakol test results....or helping our share price in any way... I am very weary of insiders with large positions... read the San Diego Stock report (just out) excerpt I posted in yahoo... bud leedom notes shareholders are growing tired of standing by while insiders eat our lunch with deals and secondary offerings used to sell either the insiders stock or the stock of mayor shareholders.... I have seen this too many times... the Nasdaq is a corrupt market. Now I know why... I do favor cleaning house at the board but orderly and do not favor a takeover by another set of vested insiders which was conceived out of backdoor deals and they have not bought stock in the market like you or I... I am mad as hell and think the money will come out after they fail to garner sufficient support to take over the company without buying one single share in the market. As a share holder I think our play is to vote in the board and wait for: a) peer review publication... b)start phaseIII for new indication c) Healthmed buying stock in the open market d) FDA approval e) New deal with significant partner this scenario should give us 6-10 by christmass....with almost no downside...present board holds options and they are incentivized more than vested insiders in a twisted way to raise the stock price before they can capitalize on it. Healtmed secondary financing or technology transfering or diluting the stock with back deals will do butckus for us...they have established a 4 dollar share ceiling and that is not worth the risk.... You made other points and please make them again this post is getting lenghty and your other ideas deserve consideration.. thanks again luis

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