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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: luis a. garcia who wrote (122)2/9/1997 10:19:00 PM
From: John Zwiener   of 1115
 
Hi Luis, I plan to check about the MBI stuff, but at the same time, I also know that Dr Katz owns about 1/4 of the company. So even if it's true, I don't know what selling 1/100 of the company by an affiliated group means. The money is still with the insiders.

I really don't think that what is said on these threads has any real effect on stock prices. I ask people who are with big brokerage houses what they think about what is said on SI and they have never heard of it.

If you think about it, for a high speculation with a very good potential, Lidak is pretty darn cheap. I think we have the negative impressions reflected in some of the posts here to thank for the low price. Yes we may bite the dust on this one, but then again we may not. I have checked out the potential of this company as well as I can with the limited info I can get, and I think it is worth it. I'm not looking for the probable price increase that would occur before the study results. I am looking for good results period.

I understand that the melanoma study should be out soon. I would be very surprised if they show anything good. It would be nice if they did, but I haven't heard of anyone considering this study to have a serious chance, so I don't think this has been considered in the price of the stock.
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