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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: luis a. garcia who wrote (81)	2/4/1997 12:20:00 PM
From: Michael Collins	of 1115

Luis, hey great you like Lidak. I'm happy for you and I sincerely wish you and other Lidak investors the best of luck. I am neither long nor short in Lidak and will continue to be that way. I am trying to follow a normal investment strategy by investing in companies that have earnings (any industry) and not story stocks like Lidak and other biotechs and more importantly diversifying. Blue chips, yeah sort of, but not ones like Coke that are obviously overpriced with a PE over 40! I don't know what I "screwed up" about with regards to Lidak's technology; sorry if I offended you or something. Where have you read or seen that there has been insider buying? I just don't buy the whole inactive placebo deal. And how come they never made an announcement about how Lidakol compared to Zovirax with regards to pain reduction and aborting the outbreak - they said before the trial began that these would be endpoints included in the trial. After the trial was done, they never said anything about pain reduction or aborting the outbreak, did they? Nor did they ever say that these endpoints were never measured in the trial to the best of my knowledge. I also found it funny that they never mailed me any bad news releases such as when Lorber left and when BMS gave back part of their marketing rights, but always mailed me the others. That's not significant, I realize, but kind of funny. Just a company I don't trust or believe in any more, that's all. But again......... Good Luck! Michael Collins

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