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Biotech / Medical : International Isotopes (INIS)
INIS 0.0660-2.9%Dec 10 11:09 AM EST

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To: Steve Hursey who wrote (47)4/3/1998 4:38:00 PM
From: Matt Black  Read Replies (1) of 81
 
It's amazing how depending on whether you're long or short, you can read what you want to read out of an article. You mention the situation (which is truly heresay to the fullest extent) about this industry expert declining to come aboard, yet you totally gloss over the FACT that the people who are aboard, mentioned as one of THE big positives on the stock, include a rather "impressive advisory board."

These people apparently thought highly enough of the prospects of the company to give up such noteworthy jobs as founder and president of the Santa Fe Institute and director of the Accelerator Technology Division of Los Alamos National Laboratory (just one of the more prestigious positions available in Nuclear Science in the entire world). Also several past presidents of the Society of Nuclear Medicine are aboard. I don't really think they're going to miss your "friend", the industry expert that much!

You also mention that you are in disbelief that a company selling at $30 a share doesn't even have any profits yet. Come on, are you that naive? I've bought hundreds of companies at much higher PE multiples than this based on future expectations of earnings, especially in sectors as hot, hot, hot as this one!

Believe me, come this summer when money is on the line, these guys will have their nuclear accelerator up and running right on time.

Matt Black, point/counterpoint
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