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: mesaone who wrote (1174)	11/5/1998 4:21:00 PM
From: Jim Roof	Read Replies (1) of 1432

I just emailed my own report to Asensio. Shares of Biotime, Inc. traded up today in above average trading despite two negative 'reports' issued by Asensio & Company. It appears that BTIM's shares are in the hands of disciplined investors who have weathered worse storms in the past. Though BTIM initially traded as low as 11 1/4 it quickly rebounded to 12 1/2 on short covering. Asensio & Company has a history of establishing substantial short positions in companies whose products are under development and whose technology is not widely understood. It is this type of firm that Asensio can most easily hurt with his distorted, but well-timed 'research' reports. At face value it might seem as if Asensio is really a nice guy who likes to help out the unsuspecting investor by uncovering fraudulent practices. A closer look reveals that Asensio is as much a fraud, if not more so, than those on whom he dumps his rhetoric and distortions. It appears as if Asensio & Company has gone to this well one too many times. Biotime shares closed the day at 12 3/8 - up 5/8 despite two negative 'research reports' by Asensio & Company. Jim

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