Zonagen (zona) - good buy? Message Board

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Biotech / Medical : Zonagen (zona) - good buy?

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To: Dauntless who wrote (6630)	5/10/1999 11:46:00 PM
From: Cacaito	Read Replies (1) of 7041

Zona got $57M from 2ry offering, $20M more from Schering-Plo. JoeP said once that he could run the company forever on the interest of the $57M, some 2 to 5 million a year. JoeP is running Zona at a burning rate of $20M a year. Research? FDA expenses? Shares Buyback? When is he going to stop the burning? JoeP are you going to run a real company? Are you just going to keep the burning on? This is going to less than $1.

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