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Biotech / Medical : IMMULOGIC
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To: garp who wrote (248)4/10/1998 11:33:00 AM
From: Bosco  Read Replies (1) of 305
 
g'day all - I think the question is its future relative to its core business. Essentially, it is trying to start all over again. Indeed, the 10K has stated that even a liquidation is a possibility [not the exact words;] however, without any revenue [except interest income,] the cash value may have been discounted if the street perceives it to be dead money at best.

Of course, for those of us who ride this jacob ladder down, even 2.50 doesn't cover our losses. So, one has to ask: should one salvage whatever left NOW or should one bet it can somewhat rise from the ashes <VBG>

rgds Bosco
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