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Biotech / Medical : Cistron Biotechnology(CIST)$.30 -- Ignore unavailable to you. Want to Upgrade?

To: Walter Morton who wrote (2337)	6/23/1999 4:04:00 AM
From: John Metcalf	Read Replies (1) \| Respond to of 2742

No, Walter. I am saying that Cistron is cleaning up the ownership and voting rights, preparatory to a sale. Presumably, as you said, this would enhance shareholder value. You might want to look at the 10-K on EDGAR to see the terms of Mr. Galton's employment contract, and whether his options vested on his termination. Personally, I don't care, so long as I am paid equitably for my shares, as he will be. If we disagree, what are you suggesting that is different? Why an 8/31/99 deadline? Why not? To me, it shows earnestness in selling, and I favor it. To a buyer, it sends a message of "get serious now, do due diligence, and have your best offer on the table soon". At a minimum, some company (even a bank) will buy it for cash value by Labor Day.