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Biotech / Medical : Biotech Holdings

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To: Robin Peterson who wrote (4)	1/8/1997 7:36:00 PM
From: Robin Peterson	of 224

Hi Robin, how's it going? BIO claim to have made significant sales in China already, and results will be available in a few days time. If they are indeed material, then BIO will have to (but necessarily want to) report them to the ASE. They undoubtedly would prefer to announce them at the same time as their OTC listing. If BIO's detailed negotiations with "major pharmaceutical firms", don't result in a release in the next month or so, then it's appropriate to smell a rat. I'm going in to the company next week with my broker who is highly skeptical of the story. The bottom line is the same though. They either have the drug already or they don't. The stock has no following. Foolishly or otherwise, I continue to average down. Robin.

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