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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: topvest who wrote (674)7/18/1998 8:28:00 PM
From: l. euler  Read Replies (2) of 849
 
topvest - It's good to hear from you again! After reading the article you mentioned, I got a sinking feeling. I thought that, at a minimum, this company had a future with NMP22 sales. It seems, though, that perhaps the ability of the NMP22 isn't as great as I once believed. This is very serious, and I hope that the company counters with independent studies of its own. Otherwise, I think that FDA approval for the NMP22 as a screening test is doomed.

When the stock dropped below $2, I wrote Chubb a message telling him that either the market was wrong in its valuations or my assumptions about the company's potential were wrong (he responded with some nonsense that he had a lot of shares too. Unfortunately, he controls the company, not me). But you're right: If other officers aren't buying at these prices then that validates the $2.25 market price. Perhaps, my assumptions about Matritech's potential are indeed wrong. Say it isn't so!

l. euler
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