Biotime-Nasdaq's best kept secret? Message Board

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Biotech / Medical : Biotime-Nasdaq's best kept secret?

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Nov 7 9:30 AM EST

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To: BulbaMan who wrote (1158)	11/2/1998 2:41:00 PM
From: Jim Roof	of 1432

According to the CNN interview, Asensio & Co. estimates that, through its short position, it stands to make $1 million profit for every dollar drop in the price of Hemispherx stock. The CNN story caught on tape Asensio & Co.'s scheme to take a short position in Hemispherx prior to issuing its research report. The tape documents how Asensio & Co., having taken a major financial interest in the decline of Hemispherx stock, then issued an Internet research report, which has since been shown to contain extensive false and misleading information. Asensio's "research" reports did not disclose to investors the financial interest it had in manipulating the Hemispherx share price. Just a little tidbit from HEB's news of 10/29/98. The SEC is apparently cracking down on these Internet fraud and scam artists. Jim

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