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Biotech / Medical : Biotech for less than a buck. -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (496)	3/19/2000 2:27:00 PM
From: RWReeves	Read Replies (1) \| Respond to of 743

I can tell the state of the market just by looking at Peoplemarks. More than 10 posts for Mike usually means he's losing money. (painful grin). OK, biotech isn't the fish in a barrel it once was. Now you have to work for 100% returns. Fair enough. I think the biggest problem for CNSI is the BB status. Without the NAZ exposure, they are perpetually to be undervalued. As I posted last week I couldn't even fill a modest market buy in 15 minutes so I cancelled rather than get a hosing. On top of that, most online brokers don't do BB- kind of a catch 22 stupid situation. Even my SPGNA gets better fills. KDUS WAS the same way- you remember? I agree the market value is probably 100-200 million, don't forget what you are also buying is not current pipe but ability to "do it again" in the future. So that's an easy triple, probable 5-6 bagger, outside chance of a 10 bagger. So that equates to 5 bucks to 10 bucks most likely price down the road, but shave a lot off that if they don't do a financing. That would get them to Naz. Concern is they are dumber than a box of rocks management wise and could do a SIBI on us for 3-4 dollars. RWR