Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : ADVR and ONLY ADVR -- Ignore unavailable to you. Want to Upgrade?

To: Kingfisher who wrote (50)	9/25/2000 2:42:39 PM
From: Bernie Bildman	Read Replies (1) \| Respond to of 278

I'll bet there's some intense pressure happening up in Yonkers. As ceoa+ described in forthright terms on RB, there is no product yet to market. It's a shame that Hirschman suggested (twice before) a time frame for IND submission, both of which did not make the train leaving the station. Those particular 'suggestions' regarding a filing in mid-year 2000 most likely were ALSO a result of pressure being placed on the company both by shareholders and financial backers who are looking at their cash sitting still doing nothing. That Hirschman finds himself in a pressure cooker I blame some on him, some on the company's press releases, and also on the FDA which I still blame after this am's news re: expose'. There is no rightful reason this process to move into testing should be taking this long.

To: Kingfisher who wrote (50)	9/25/2000 2:50:39 PM
From: Kingfisher	Respond to of 278

A couple of other thoughts concerning today's interview: 1. It almost seemed that Dr. Hirschman was addressing ceoa+ directly when he mentioned that ADVR does have a business plan. 2. Dr. Hirschman also mentioned that he feels, by the action of 'wall street', that it appears 'wall street' does not believe what he is saying about the new pharmacology and science ADVR is engaged in and basically does not believe in the company's ability to execute their business/scientific plan. [I am sure that every lurker/poster has a reason why this apparent investing public attitude or disinterest is occurring at this time.]

To: Kingfisher who wrote (50)	9/25/2000 4:11:24 PM
From: DAN LITTLE	Read Replies (2) \| Respond to of 278

The N.Y. court litigation has been dismissed, as you thought. In September 2000, our case in New York was dismissed. We are considering requesting that the New York court reinstate our claims in the New York case. The case in the federal court in Detroit continues. At this point, we have answered the complaint against us in the federal court in Detroit and have entered a number of counterclaims which are in substance the same as our claims in the New York case. Advanced Viral believes that the allegations contained in the Defendants' complaint are without merit and Advanced Viral intends to vigorously defend itself against all allegations contained therein.