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Biotech / Medical : Neurobiological Tech (NTII)
NTII 0.00010000.0%Mar 7 3:00 PM EST

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To: Apache Indian who wrote (353)8/13/1998 8:11:00 AM
From: Dr. John M. de Castro  Read Replies (2) of 1494
 
Wow you are frustrated; panning the company and at the same time looking to buy more. Corrections and/or bear markets will do that to investors.

As far as selling the company goes, everyone is expecting it since Freiman sold Syntek. I'm sure that if the price were right it would be sold. However, Freiman knows the value of this company and it is way way above its $6MM market cap. Name another company with two products in Phase II trials, a corporate alliance, and a $6MM cap? I'm still accumulating. At these levels it's a steal.

Patience is called for here. Drug development is a painfully slow process. In addition, small investors have a long history of selling low out of loss of patience and frustration. But, this correction/bear market will pass and with the positive news I'm expecting by the beginning of next year, this way undervalued stock should move dramatically. But, then again, I'm a professional optimist :-)

John de C
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