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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: stephen samborski who wrote (806)	12/6/1997 6:12:00 PM
From: shero	Read Replies (1) \| Respond to of 3702

There are no puzzling dynamics because there are no dynamics. This company is really more and more like Alice in Wonderland than one would like to believe. This company is like a ship without a rudder. MGMT agreed to a new CEO and now regrets it. They are casting about for ways to keep their jobs and don't realize what the consequences will be if the fail to keep their promises to the shareholders by appointing a new CEO. THIS NEXT SCENARIO IS FOR TCLN'S MGMT, (and we know you read this). If the Officers and Directors fail to appoint a new CEO this stock is going south, and fast. I will be on the phone all morning to friends, family, and former clients telling them...to sell. I'm not the only one who feels this way. I speak to many brokers and traders. We have hung on this long to see who the new CEO will be. If there isn't going to be new mgmt we're gone, faster than the wind. This mgmt team has had over 15 years, and have proved conclusively they can't get these products to market. Its time to get a new CEO or get new shareholders. What is the consequence of having the to replace your old, faithful shareholders with new ones, Lon. I'll tell you. Lon, you had trouble sleeping when your account was sold out of 20,000 shares @ 2 1/2 what do you think is going to happen when the stock hits 2 1/4, then 2, then 1 3/4.? Here's what happens next. The stock then goes to 1 1/2, then 1 1/4, then 1 because the market makers aren't going to support the stock for your, and the other former directors forced selling. If you are forced to sell 100,000 shares "at the market" what price do you think the stock will sink to? $0.25. The only hope the current officers have is to get new mgmt in the door so when the company succeeds they will look good. If the stock goes up they have their million shares of stock and can live very nicely. If this company goes south their jobs are gone, their retirement fund is worthless. And whose going hire a bunch of has been CEO's and CFO's whose claim to fame was the ruin of the company that had the most promising cancer treatment ever? Steve, sorry to digress for the silly exercise of lecturing a mgmt team that has ignored almost every good idea ever presented to them. You made some excellent points, like what was once very promising technology becoming "ho-hum". In 1989, or there abouts Stu Weisbrod, now head of Oracle Partners, then the #1 Merrill Lynch biotechnology analyst predicted that TCLN would be the first company to get an anti-cancer monoclonal antibody to market. Now it looks like LYM-1 will be the last to market. Ho-hum. And the band kept playing as the Titanic sunk. Here's the song they played. "Amgen has hundreds of millions of shares outstanding and no one cares. So if TCLN has 100,000,000 outstanding so be it." LON STONE said that. And that one quote should tell everyone in the world, including the stupidest person who can read or write the problem. Except the worlds stupidest CEO said it and still, after all these years doesn't get the picture-he's been saying that for years - and either do his cronies. And its 10 years later. Steve, and everyone else, again I'm sorry for the tirade. I want TCLNs' present mgmt to know there will be very real consequences if they fail to fulfill their committment and appoint a new CEO. Our hearts will be broken, and the shareholders will live. The mgmt will also live but their careers will be in ruins, and their stock, what little stock is left after the brokers finish selling out their accounts will be almost worthless. Lon, stop being petty, venal, and vindictive. Get on with the job, lets get a new CEO. Lets all stop obsessing about TCLN. Steve, have some more clam chowder--new england style. Alice, go shopping. Dr. Wallner, don't crash that cool Jag while you watch the girls on rollerblades. I'm going to do some skiing and hope I don't see Lon Stoned on the slopes.