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Biotech / Medical : Techniclone (TCLN)

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To: Jibacoa who wrote (2713)	11/15/1998 3:13:00 AM
From: Maurice Winn	Read Replies (1) of 3702

Yes, Jibacoa, I'm watching Cytel with interest. There are parallels with Techniclone. Cytel does seem to have real prospects so is not simply a management bleeding the company dry and prolonging the pain by a reverse split. Currently 50 cents and after 7:1 reverse split I think we should see around $3.50 or even an increase to $5, but the Technicloners will expect to see it slide back to 50 cents. Of course, over a period of half a year, if they aren't making progress, the money will continue to drain out and a decline will set in. My understanding of the objections to a reverse split by TCLN was that the drop would be rapid and of a Technical Analysis nature rather than from a change in fundamentals. So we shouldn't have long to wait. Thanks for the suggestion. Meanwhile, TCLN has only 6 weeks to the end of the year and I suppose Jack Gaddy will be preparing to send me my prize for being closest to the actual result in the competition 'guess the share price of TCLN at the end of 1998' which was held back in April or May. Maurice

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