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Biotech / Medical : Gliatech (GLIA)

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To: M. P. McNamara, Jr. M.D. who wrote (431)	5/20/1998 3:48:00 AM
From: Asymmetric	Read Replies (1) of 2001

Mac, Interesting post on Yahoo Glia board. Don't know if you'll read this by time of annual meeting, but would be nice to see if anyone can get confirmation regarding Adcon-P trials. Good luck to all. Peter. Volume and price a plus. stock_investor_glia May 19 1998 The Plain Dealer had a very interesting article regarding Gliatechs' potential second offering. The article explained why the issuance and where the funds will be distributed. This mornings' open was around 16.25 which then dropped to 15.75 on profit-taking. By noon, we were up over 17.50 to peak at 18-plus. I think as the market in general sold off; individuals took profits but several buy orders in just under 17.00. I believe we have a new wave of investors at the mid-teen range which should add significant support for the stock. Investor's Business Daily states 5 mutual companies now hold Gliatech. The Plain Dealer had a rather interesting comment which I need to verify with I.R. at Gliatech. The quote stated that Gliatech received an exemption concerning trials for Adcon-P which will move it into Phase-3 clinical trials this summer. The question is what happens to Phase-2? Adcon-P is just finishing Phase-1. Does the exemption allow a bypass of Phase-2? If so, that expedites Adcon-P's trial by at least 1 year. With the degree of finances needed to run a Phase-3 trial it explains the sudden need of additional financing. I will try to clarify this at shareholder meeting 5-20. Any input or correction would be appreciated. Good luck to all..........Go GLIA. Also, does anybody find it unusual that a Cleveland based brockerage firm handled the initial public offering just a few years ago. Now, an out of state brockerage firm handles the 2nd offering. I hope this isn't a sign of things to come. Again, any input would be appreciated.

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