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

To: Jim Baker who wrote (882)	12/17/1997 11:17:00 PM
From: Dave Belz	Respond to of 3702

Shero No problem, didnt take it personal...all in the spice of things on the net....you make some interesting points about burn rate and the shareholders meeting....Jim Baker's response raises a few more questions...how can the burn rate for the last quarter have reached this level without any ongoing costs for any trials ie TNT or Lym i.... I was at the shareholders meeting and yes they did justify their burn rate by usingn comparisons with other companies.... it was Lisa up there doing that number.... and from what i hear she is very capable and very much into control....in this case we may have been the subjects.... Davis makes a good point....the board would not turn down someone for CEO with as much support as this guys has from the clinical dept....it would result in lawsuits and probably catastrophy for the co for the board to refuse to bring him aboard.... it will happen IMHO and the licensing deals and financing deals will have to happen cause with this kind of burn rate they need the money....sure wish these guys understood what 'fiduciary responsibility' means

To: Jim Baker who wrote (882)	12/18/1997 9:05:00 AM
From: shero	Read Replies (1) \| Respond to of 3702

I'm not confused about anything, especially comments by a shill for management. And you obviously haven't read the 10-Q. So I'll enlighten you. Actually that's probably a lost cause. The company in the last 6 months spent over $400,000 or $55,000 per month for furniture. I don't know about you, but when I think of $400,000, for furniture I think of a palace or a warehouse. This company is not Merck--steel desks and chairs should do for now. Lets go on. About $250,000.00 on lab equipment, or $40,000 per month. No arguement there. $1,000,000 for construction, or alittle more than $150,000 for the 6 month period. I don't think that construction in progress for a develpoment stage company is a non-recurring charge. Either is buying furniture, but even adding $250,000 per month over a 6 month period leaves the numbers we were fed at the shareholders meeting off by $250,000.00 per month. Jim, you're beginning to look as stupid as the day is long. If you want to make excuses for managements lies, go ahead, but I won't let Celeryrot lie, and if anyone else does I'll point it out.We've been lied to, and this isn't the first time. The point of this is if new employees are being hired, construction completed then this should have been budgeted for and reported. And when you consider that this is over a 6 month period, and not a 3 month period than management definately know about it. And Lied. We should not have been fed misleading numbers. But its easy for this mgmt to get away with it because of shills like you who don't care about the truth, who only want to believe what they are told and don't get mad when they find out the truth. Here's a few more tidbits for you. This mgmt team knew at least one week before it was announced the FDA date. They failed to tell us the truth about loans to officers and then had to spend $100,000 for reprint, mail, and solicit proxy votes. And now you can see we've been misled about the burn rate. Even your attempt to explain the discrepency falls far short. You add it up. Jim, you're right, I'm a very pissed off shareholder. I have followed this company since it went public. I bought stock the first day it started trading. *But you are wrong about me wanting to sue them. I own too much stock to even think of such a thing. But you wait and see, if these guys let this company go under someone will. I'd like to add a few more things but I'm going to be late for court. So once and for all lets get something straight. There is something pathetic here, but its not someone who tells the truth. Its the shills for management who can't read a 10-Q and try to obscure the truth. They're the ones who are confused. You can now go right to the Celreyroot camp with all the other liars. When you get there take a class on reading SEC filings, balance sheets and income statements and if you graduate read the TCLN 10-Q.