VRA (AMEX), Viragen INC. Message Board

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Biotech / Medical : VRA (AMEX), Viragen INC.

VRA 2.345

-3.1%

3:59 PM EST

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To: scaram(o)uche who wrote (49)	10/30/1996 9:58:00 PM
From: D. L. Renaud	of 1590

No offense, but I think you should review the report on VRGN at The Virtual Investor site before you criticize it. It is very comprehensive and was independently prepared. While I agree that there are negatives to the VRGN story, I haven't seen a company yet without challenges to be addressed. In the case of VRGN, the positives and the potential seem to far outweigh the negatives, including the 38 million shares outstanding. Obviously, a large number of shares out is a hurdle, but it does not necessarily preclude future shareholder value. If that were the case, I doubt that Biogen would have just split their stock, increasing their shares out to 72 million. Since you haven't checked out the company recently, you are not likely aware of the numerous events in process that may have a dramatic effect on VRGN value in the near future. Take a look. The deal they are working on with the American Red Cross may be a blockbuster.

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