Cistron Biotechnology(CIST)$.30 Message Board

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

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To: Dr. John M. de Castro who wrote (1604)	11/5/1998 9:25:00 PM
From: Biomaven	Read Replies (2) of 2742

John, I wholeheartedly agree with you here - a reverse split that would get the stock out of the BB black hole would do a lot for the share price. Unfortunately, investors naively associate reverse splits with dying companies, because they are normally the only ones that do it. Usually reverse splits don't help because the company itself is in a decline which the reverse split doesn't help. However the situation here is very different: this is a financially sound company trading way below book. I don't know what the chances of seeing any part of the $30 million from PM are; but I have to believe that PM would not shell out close on $2 million if they didn't believe there wasn't a fair shot at something useful. I also agree that a stock buyback would make a lot of sense, as long as they keep enough assets and float to qualify for a Small Cap listing (which is harder than just maintaining a listing once you have one). I'm actually considering buying some CIST at these levels, although the other thread veterans will probably think I'm crazy. Peter

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