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


To: LiPolymer who wrote (6383)1/27/2000 9:39:00 AM
From: Bill Wexler  Read Replies (1) | Respond to of 10293
 
They did it with Zonagen. In the face of incontrovertible evidence that Phentolamine (a 50 year-old generic medication) did not in no way, shape, or form cause erections - even when injected directly into the penis - a CIBC "analyst" issued numerous false reports urging a "strong buy" of Zonagen shares based on ludicrous prospects for Zonagen's fraudulent oral medication for Erectile Dysfunction...a medication whose sole active ingredient was Phentolamine. Even though these reports stressed Zonagen's patents for their pill formulation and 9-figure revenue projections, not once did they mention that even Zonagen's own clinical studies demonstrated the pill was no better than placebo.

Based one these reports, I figure small investors got taken to the cleaners to the tune of roughly $300 million.

Valence's fraudulent battery technology and unethical management will eventually be its undoing as well.



To: LiPolymer who wrote (6383)1/27/2000 10:48:00 AM
From: Larry Brubaker  Read Replies (2) | Respond to of 10293
 
LiP, <<You're implying Capital Guardian, CIBC World Markets and Valence have organized and are executing a P&D right under our noses?>>

Happens all the time. I forget which well-known "reputable" brokerage firm underwrote ULBI's 1998 secondary and also, coincidentally, issued a strong buy on the stock while it was trading in the $20s. A few months later, the stock was below $5.