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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: Alastair McIntosh who wrote (4811)11/12/1999 4:08:00 PM
From: Bill Wexler  Respond to of 10293
 
Stay away until we have a better sense of why the stock is going up. Easiest explanation is the very large short positions are covering (such as Asensio), but since this company is run and promoted by crooks you can never be too careful.



To: Alastair McIntosh who wrote (4811)11/12/1999 6:19:00 PM
From: BDR  Respond to of 10293
 
This is two weeks old, but it is all I can find, too.

Zonagen Reports Third Quarter Financial Results

THE WOODLANDS, Texas--(BW HealthWire)--Oct. 28, 1999--Zonagen Inc. (Nasdaq: ZONA) (PCX:ZNG) today announced financial results for the third quarter ended September 30, 1999.

Total revenues for the third quarter ended September 30, 1999, were $607 thousand. Of this amount, $182 thousand represented product royalties received from marketing partner Schering-Plough (NYSE: SGP) for the sale of Zonagen's oral therapy product for erectile dysfunction during the second quarter of 1999. Total revenues for the same period last year, including a $5 million milestone payment received from Schering-Plough, were $5.7 million. No royalty payments were received in the same period last year. Interest income for the third quarter was $425 thousand compared to $748 thousand in the same period last year. The net loss for the quarter was $2.2 million, or $0.19 per share, versus a net income of $329 thousand, or $0.03 per share in the same period last year.

>>>>>

Note that ZONA actually received royalties from SGP for sales. Mexico? Brazil? I can see no other reason for excitement about their prospects.