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

To: shero who wrote (879)	12/17/1997 6:11:00 PM
From: EZLibra	Read Replies (3) \| Respond to of 3702

Shero, a lot of time and money has been put into the CEO search. As I said last night the candidate has been selected. Salary/options are being negotiated. This needs to be done right, nothing gray. Drs. Taylor and Lippman, 'Rock', Santoro and Legere have no desire to spend a bunch of time in court over frivolous shareholder lawsuits. I was watching Cytogen today, a company Alan Epstein has done some consulting for. It was tanking. CYTO had an inept CEO, a scientist and a fine gentleman I'm sure. CYTO had announced that the CEO would resign as soon as a search committee could come up with a suitable replacement. Today the scientist resigned the CEO position. They put out a press release claiming nothing was wrong and even answered the phones. CYTO finished up 30% on 1.3 million shares. There is a lot of historical truth in #813 and #816 but, Shero, this is the stretch run. Come January the House of Stone crumbles anyway. Most of what Dave Belz said makes a lot of sense. Remember you burned a lot of bridges behind you. Take a holiday and give yourself a break, most of what you wish is happening.

To: shero who wrote (879)	12/17/1997 11:00:00 PM
From: Jim Baker	Read Replies (2) \| Respond to of 3702

Dave Belz -- You asked where Shero gets his information. I think Shero admitted a few days ago that he hasn't talked to Lon Stone for many years, and that he and Lon are not on good terms. In short, Shero is not much of a source of information. Also, I think Shero has forgotten that there are burn rates and there are burn rates. It is quite possible that management talked about a $700k burn rate at the annual meeting, and this was in reference to an operating burn rate (ie: the amount of money spent each month to run the company). This is a base number, to which you have to add unique spending on specific, non-recurring projects. Add the non-recurring burn to the operating burn and maybe you get to the $1.2 million number. So, we have a frustrated shareholder who wants to sue a management that he never talks to for misleading him with two different numbers that he is rather confused about. These chat rooms can be so pathetic.

To: shero who wrote (879)	12/18/1997 4:37:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 3702

Hello Shero, this publicly listed company is a bit messy. Shareholders out of patients dont you think? Ill patiently read and be back. Edginess symptomatic of unfocussed shareholders or company Stephen? Maurice

To: shero who wrote (879)	12/18/1997 6:51:00 AM
From: Manfred A. Wallner	Read Replies (1) \| Respond to of 3702

Shero, "Manfred, the Mindless Cheerleader" here--I have to admit I am becoming concerned about the combination of the burn rate and the very low stock price. It seems to me that the low stock price will make it difficult for the company to raise additional operating capital. I know absolutely nothing about how such things work, and would appreciate some instruction from those who do. Shero? Davis? I took advantage of the low stock price to buy more shares, but enough already. I'm ready for it to go up. My pom-poms drooping, Manfred