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Biotech / Medical : Lidak Pharm. [LDAKA]
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To: John Zwiener who wrote (1028)4/19/1998 3:41:00 PM
From: Henry Volquardsen   of 1115
 
Henry, if what Katz says doesn't have the ring of truth, then does what HealthMed says true? What is the truth here?

I said I still had lots of questions about HealthMed. HealthMed reminds me of exactly what Stein is, a lawyer. It is very tough to figure out what they are up to because they don't say anything. You can infer motive but they haven't given us enough rope to hang them with. If you'll pardon a political reference, it's like the Clinton administration; lots of smoking guns and implications but very little hard evidence than can be used to figure out what has really happened.

Katz says he is warning investors about HealthMed. Does he have good intentions?

Katz may very well be telling the truth. I didn't say in my original analysis that Katz was lying. What I said was that if his allegations in this suit are in fact true then he is too naive to be CEO of a corporation. What I said in my second post was it is my opinion that Katz is not naive and that this is a tactic to break the voting trust. I have seen legal actions of this type in the past and lawyers have a wonderful way with words that is designed to put as dire a light as possible on their target.

I am pretty sure the truth lies somewhere in the middle. The trick will be in determining where.

BTW I fervently hope the SEC does not gets involved. Everyone will lose in this, particularly the shareholders. It's like siblings fighting, if they keep it up until Dad gets fed up enough to intervene it's a good bet everyone will get spanked regardless of who is at fault.

Henry
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