Drug Royalty Corporation (DRI-TSE) Message Board

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Biotech / Medical : Drug Royalty Corporation (DRI-TSE)

DRI 188.44

-0.8%

Dec 26 4:00 PM EST

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To: BioInv who wrote (85)	5/6/1999 9:03:00 PM
From: Drapeau	Read Replies (1) of 96

Bullish article in Journal Affaire$ May 1999 Translation from French article Drug Royalty: major investment by the end of August Drug Royalty prepares to acquire again part of the intellectual property of a popular drug not yet identified publicly. If its stock reacts well to this investment, Drug Royalty could ask the public for a new emission. Ezra Lwowski of Yorton Valeurs Mobilières thinks that at $2.95, the emission would not underestimate the current state of the company's position. Mr Lwowski calculates that the company will have $0.35 by shares of autogenerated funds by 2000. A multiple of 10 times the autogenerated funds seems reasonable, which places the target at $3.50. DRI has a cash position of 16 millions and a bank credit margin of 10 millions without any debt. -- Drapeau

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