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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?

To: BAD BILLY who wrote (6978)	9/6/1999 11:38:00 AM
From: Hank	Respond to of 7041

At the rate they burn cash, that 45 million won't last long and they're running out of royalty payments. A buy back will only accelerate the process. The only way a buy out would make sense is if they were the target of a hostile takeover with the intent to dismember the company and liquidate what assets they have. I guess I could buy that agrument but I doubt it will happen.

To: BAD BILLY who wrote (6978)	9/7/1999 5:21:00 PM
From: CRISCROS	Read Replies (2) \| Respond to of 7041

WOW! I cant believe you took those words right out of my mouth. I have been watching this company since the great fall and see no other way out for them. It is almost as though they have no other choice than to BUY BACK a large percentage of their own stock. This would almost guarantee a full blown short squeeze to who knows where. Forget the technology or anything else for that matter, right now all that matters is that they have 45m in the bank in CASH and 3m shares short should they buy back 10% of the outstanding shares this baby would go to the moon with only 6.5m in the float. Thanks for confirming my suspicions BB Tequila tonight tomorrow we ride.