Cistron Biotechnology(CIST)$.30 Message Board

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

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To: Rudy Saucillo who wrote (1596)	11/5/1998 3:22:00 PM
From: Dr. John M. de Castro	Read Replies (2) of 2742

Back where we started. CIST stock price has now reverted to the level it was at prior to the announcement of the signing of the PMC deal. It doesn't seem to matter that the company is $2 million richer, that they've received a major pharma endorsement of the legitimacy of their technology, and that the stock is selling for below cash value. CIST is now selling below the level quoted in the headline of this thread "Cistron Biotechnology(CIST)$.30" that was created in Oct 7 1996, before the PMC deal and even before the IMNX settlement. This is totally irrational and rediculous to value this company at a lower level than 1996 when CIST had nothing but a hope and a prayer that litigation would keep them from bankruptcy. It is now clear to me why so few companies ever get off the bulletin board. The market won't let you. Even when you succeed you don't receive any premium. But, if you fail the bottom drops out. I can see why the MMs can short these stocks with impunity. The bulletin board is a corporate trap, like the "Hotel California" "you can check out anytime you want, but you can never leave." Is my frustration showing? :-)

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