Zonagen (zona) - good buy? Message Board

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Biotech / Medical : Zonagen (zona) - good buy?

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To: Claud B who wrote (6013)	12/29/1998 10:46:00 PM
From: Hank	Read Replies (2) of 7041

But wait!!! Did ZONA REALLY make 167K off of Z-Max in 1998? This was taken from their last 10Q in the EDGAR database: "Schering-Plough commenced sales of Vasomax(R) in Mexico under the brand name of Z-Max in June 1998. There were no product royalties earned for the quarter ended September 30, 1998, due to the product launch loading into the distribution channel in June 1998." Then later in the 10Q, management claims that 167K worth of royalties had been derived from the sales of Z-Max in Mexico. It seems that even THEY don't know if they sold any Z-Max or not. In yet another section of the 10Q, management states that "Substantially all" of their revenues for the 9 months ending on Sept 30, 1998 came from the sale of fertility products through FTI. Don't you just love unaudited quarterly reports from stand up guys like the ones that run ZONA??

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