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Biotech / Medical : Lidak Pharm. [LDAKA]
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To: Michael Collins who wrote (3)11/13/1996 12:57:00 PM
From: Charles Holewinski   of 1115
 
Dear Michael,

I have been following and an owner of Lidak for several years. Up until the LMI technology hit the street the only thing Lidak had was Lidakol. This seemed like block buster item if it worked. An investment news letter I get, BI Research, recommended Lidak because of all of the promise Lidakol had. Well after two years of ups and downs with Lidak we are at another bottom. If you had bought this stock each time it hit below 2 you could have made some nice profits by selling at 6 to 8. I am tempted to buy some here with the hopes that it will go to 3 or 4. The only problem is that Lidakol no longer seems to hold the promise of a block buster drug that it once had. And that was the reason in the past which made Lidak stock move. Now that Smith Klein Beecham is in on the act, Lidak may never get out of the lab. Still I recall that Lidak made a marketing agreement with Bristol Myers for Lidakol. I feel certain that Bristol Myers must have seen something of great benefit in Lidakol to sign such an agreement. Still I have never seen any info on what Lidak got from Bristol Myers for this marketing agreement. Have you seen any info on this?

I still have a few thousand shares of Lidak and since I have held them this long I will wait until the bitter or sweet end.

Charles

P.S. If you want a stock in a company which still has great promise and is at a year end low, look at PRLN, Paracelsian (spelling?). There is a thread in SI for this one.
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