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Biotech / Medical : Progenitor (PGEN)
PGEN 4.145+2.6%Oct 31 3:59 PM EDT
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To: scaram(o)uche who wrote (94)11/24/1998 4:05:00 PM
From: BRAVEHEART  Read Replies (2) of 106
 
Hi Gang,

Well good news and some bad news ( which is really good news ). The bad news first. Well it looks like PGEN was victumized by a pump and dump scheme. The stock should actually benefit from this because it should attract more serious investors and others looking to benefit from the next pop in volume. Anyone who does serious DD would look to accumulate now because many of the low end sellers were just removed. A real news event and say 500,000 share volume and yesterdays pop to $2.5 on a 200,000 share volume will look insignificant.

The good news is given the companies promising technologies ( bioinformatics, angio & antiangiogenesis, stem cell research program potential etc etc etc ) & expected near-term collaborations and considerable interest will return to this stock resulting in an appreciation in shareprice. I did have a conversation with someone at the company and I was told that there are several proposals outstanding with Big Pharma. One of which was initiated by the other side... : ) I would guess it won't be too long before we hear something. Keep your ears & eyes open... Remember we are waiting on big-pharma not the FDA.

THE TRUTH IS A DEAL IS IN THE WORKS... : )
Jeffrey
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