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Biotech / Medical : Biotech Holdings

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To: dodger2 who wrote (9)	1/31/1997 12:13:00 PM
From: Robin Peterson	of 224

Hi Darrin, I was sitting on the bid at $1.60 anticipating the same usual indifference or incredulity about BIO's release, and BIO has had runs like this before, but I'm wondering if I'll be able to buy any more stock at that level, because there are too many events on the near term horizon for impatience in the investing public to set in. Ignoring the merits of Diab II for a moment - as you know I have always focused on the fundamentals rather than the market cap - BIO will have to get a CAN$4.00 share price for 3 months(!) in order to qualify for their NASDAQ Small Cap Listing (after form 20F requirements met). Whereas people just discovering this story are impressed by momentum, the market is only now reacting to news available before Xmas. It's weird to see the price suddenly jump like this. But much too early to consider selling from my point of view. It's not like it's some mining scam, hyped up on non-existent assets. BIO really believe they have a new superior type II Diabetes drug. Keep in touch, Robin

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