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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: John Liu who wrote (1268)7/14/1998 1:55:00 PM
From: Rudy Saucillo  Read Replies (1) of 2742
 
I agree the Edelman news was likely seen as a negative. But people selling at 31 cents are giving away money - a 40% discount to book value. And this doesn't account for the potential value of the PMC agreement, the ongoing business, or possible future deals.

Buyers at this level are getting a gift. The PMC agreement is a solid step in CIST business development and, IMO, just a beginning. There's still much potential for Galton/Naismith to work with.

I'm optimistic and holding!

Rudy

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