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Biotech / Medical : Immunomedics (IMMU)

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To: Ted Moeller who wrote (110)2/22/1997 1:42:00 PM
From: Zeev Hed   of 371
 
Ted: I think that IMMU had too many financing overseas, and some of this was convertible debt which is coming on the market everytime the stock hits 7. I got out there myself, after not having bailed out at 13 and after buying at 7, so having in essence dead money for almost a year. I still believe it is a great technology, but with 40 MM shares (or thereabout) outstanding and another two years before we see the therapeutic products (which in my opinion are the real big money makers) being approved for any use and more years before full deployment. So, I think that I have ample opportunutiy to pick the stock back under 5.

Zeev
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