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Technology Stocks : Proteon
PTON 7.375-1.1%10:57 AM EST
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To: Jason Chesshir who wrote (70)11/15/1996 6:22:00 PM
From: Webb B Blackman Jr   of 512
 
Jason,
An interesting observation. I have to wonder then why it fell almost 10% in value today. I have to assume that there are alot of investors that do not know how to read annual reports or if they can read, they do not believe the statements that the officers at Proteon are making.

Please do not get me wrong. From everything that I have read about the company, it should be much higher in price. That is if they learned how to make a profit. $20mil in cash will only last so long when the company loses money each quarter. Maybe if the officers of the company were paid in stock, they would work a little harder on making a profit.
--- webb ---
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