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Biotech / Medical : Zonagen (zona) - good buy?

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To: Linda Kaplan who wrote (5486)9/5/1998 9:55:00 AM
From: Dauntless  Read Replies (1) of 7041
 
Linda - only you would agree with Bill

I know from experience that discussions with Bill & you are not possible in this format. Your feelings for me really mean nothing as you mean nothing to me and, because I know your background, I understand exactly what you are.

Now, if anyone else cares to have a dialog...

The price of this stock has always been very volatile - I made several posts a while back where I stated that Zonagen was a very risky investment. Short term fluctuations in price mean NOTHING unless there is a trade. What's important is the condition of the company.

Developing biotech/pharma companies are very difficult to evaluate - during the LONG development, clinical trial & FDA review phase most institutional investors, venture capitalists, etc. rate these companies by their performance against milestones & stated goals. Detours and delays forced by technology, and to some degree regulatory, "surprises" are understood and tolerated - as long as they are dealt with properly and are not frequent - there's not enough cash for too many mistakes.

Now here's a list of significant milestones reached by Zonagen in just the last year that I recently posted

......
Some said (over & over)...
Zonagen will NEVER get a marketing partner - they did
Zonagen will NEVER get a patent for Vasomax - they did
Zonagen will NEVER get a patent for Chitosan - they did
Zonagen will NEVER file their NDA - they did
Zonagen will NEVER buy back a single share of their stock - they did
Zonagen will NEVER have appreciable sales in Mexico - they did

etc., etc......

Take all the cheap shots you care to - this is a company that has accomplished quite a bit, they've pretty much done it on their original timetable (don't bother bringing up the NDA - sh*t happens), they've done it with very low expenditures. They've got LOTS of cash - they'll likely get more soon - they've got lots of projects/milestones lined up.

What projects?

From Oppenheimer report
1- 2nd half 1998 - European filing for Vasomax
2- Second generation MED combining phentolamine & non-specific phosphodiesterase inhibitor
3- Vasomaxine
4- therapeutic against prostate disease

Common sense also says
1- another payment from SGP likely when FDA accepts submission
2- continued growth in revenue in Mexico
..................

This is reality - not the uninformed opinions about what the FDA will do or silly crap people choose to focus on in their endless BS posts.

I am LONG on this stock - right now I plan on owning it at least until the FDA decides. In the interim I expect that we will get several other indications of successful progress.
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