Biotime-Nasdaq's best kept secret? Message Board

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Biotech / Medical : Biotime-Nasdaq's best kept secret?

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Nov 13 9:30 AM EST

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To: Annie who wrote (912)	5/7/1998 12:43:00 PM
From: Jim Roof	Read Replies (1) of 1432

Anyone who thinks Manuel Asensio is doing this out of the goodness of his heart and to save us poor long investors in BTIM is gullible beyond belief. Asensio issued similar statements when ZONA was 40 and drove it down to 15. It's back up to 40 (or so). I think Asensio actually shot himself a little bit in the foot with this last piece of PR garbage. He has done what many consider to be a mistake in this business of lies. He has answered a critic. I will agree that Asensio has had an effect on this stock. I would also be the first person to vote for legislation that prohibits those with a vested interest in a stock (short or long) from making false PR statements to the 'press'. If Asensio had the balls to say "Intel management is using fraudulent means by which their processor chip speeds are yielding false performance values. The PII series of chips have a specific design feature which enables them to falsely report finished clock cycles when benchmarked. This hidden feature in effect causes the PII chips to inaccurately report the true number of instruction carried out in a specified amount of time. These chips are no better than AMD's or Cyrix's chips which sell at half the cost of the overly inflated PII price." Some people would react and sell. The difference is that there are too many PII's in the real world to make such a lie stick. This is why Asensio targets companies whose products are open to easy misunderstandings. As for his argument on the 'blood substitute' designation I have this. The original statement was made in 1995. In 1995 the technology did not exist for a true blood substitute to be manufactured (still doesn't exist really, but there are enough players in this area for that title to have taken on a refined meaning.). BTIM saying that Hextend was a blood substitute was based upon the fact that Hextend would in FACT be subsituted for lost blood. This seems painfully obvious to me. Lose 2 liters of blood? Infuse 2 liters of Hextend - it can substitute for the lost blood. BTIM never made any claim to Hextend being capable of carrying oxygen or removing CO2. These guys are smart enough to realize that a truly false label would spell disaster to them and the company and there really was no way the medical community, including the test sites, could possibly let such a weak charade continue for much more than 5 minutes. I bought BTIM about 1.5 years ago and I never had any question at all about what their product does nor what it purports to do. Asensio should go after Intel and see if at any time they have described their processors as the 'brains' behind the computer. I think that is a decent analogy and a clear rebuttal to Asensio's 'straw man' arguments. I maight also add that Asensio's reference to BTIM as OTC/Bulletin Board shows that he is willing to lie to get his job done. BTIM is now and has been for about the last week trading on the NASDAQ National Market. I would not trust this guy to take out my garbage. Jim

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