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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Maakamil who wrote (10249)	11/12/1998 10:14:00 AM
From: Lane Hall-Witt	Read Replies (3) of 119973

Funny thing is, for a R&D biotech firm like ALLP, increased losses can actually be a good sign since it indicates that they're ramping up for testing. ALLP holds more than 50 patents (most recent one issued Nov. 3), has one product already in Phase III, and has two more products about to enter Phase III. (Getting Phase III approval is extremely rare: according to the ALLP Web site, only 1 of 1,000 compounds that enter preclinical testing even make it to Phase I.) More than one-third of the company's shares are held by institutions. A few references for DD: allp.com uspto.gov fda.gov marketguide.com I think the early selling came from yesterday's short-term traders and from those spooked by ENMD.

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