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Biotech / Medical : Cistron Biotechnology(CIST)$.30
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To: scaram(o)uche who wrote (146)11/18/1996 12:31:00 PM
From: Laertes Manuelidis   of 2742
 
New to group. Have been following your discussion with much enjoyment as I have been a CIST shareholder for more than a year now.

Re: inside ownership of company--I don't see how you get to insider ownership of 57.5-60.4% of CIST. According to what I see on 10K, inside ownership stands at around 35%, not including incentive options, etc.Agree that 95% figure is ludicrous.

Can you help me on this one? By the way, I agree with your analysis
of CIST's LT prospects for future. It is obvious, IMHO, that CIST will move into new league as a company, as approx. 1 million in annual revenues and an expected 20 mil (approx) incoming cash balance are at odds with each other.Outlook for new LT projects could be revealing in ST, especially in light of Co's well established links with academic community.

Layman

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