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

To: Jim Baker who wrote (905)	12/18/1997 11:51:00 PM
From: Alys Hall	Read Replies (2) \| Respond to of 3702

Jim....I can't imagine that I'm smarter than any anyone posting here since I've been in this stock since the last time it was a these levels..years ago. I do certainly understand the differences in recurring expenses and I'm sure that Shero does too. What causes all this frustration is that the Company is less than forthcoming. Stockholders appear to be announcing that the new CEO has been selected, the majority of us don't speak to management nor do we hear anything from management on a timely basis..so we are left to glean info from the posts. Certainly you can understand where I'm coming from. Read the posts...there a hints everywhere of fraud and deception...that does not bode well for the Company and I don't like having my investment jeopardized by management that has no regard for its investors. I am well aware of the risks on investing, but if management has been less than honest, they should be taken to task for it. Davis and Shero seem very well informed...can you dispute what they are saying?...

To: Jim Baker who wrote (905)	12/19/1997 7:53:00 AM
From: shero	Read Replies (1) \| Respond to of 3702

Jim, for the sake of harmony I'll apologize and I'll even grant your points. This is not supposed to be a discussion about burn rate vs. non-recurring expenses. This is about a management team that makes misleading statements, and lies. Which inevitably leads one to the issue of crediblilty, something that has been the subject of frequent discussion. At a major presentation, one to shareholders with members of the general public, brokers who sell the stock to their clients, maybe an analyst or two. We were given one number as a burn rate, monthly expenses in the context of the company has $xxx and we are spending $xxx--therefore we have enough money to last xxxx months. For a company with $xxxxx in the bank $1,500,000 is a lot of money. If management knew it was spending this amount, and surely they did, the expenses were incurred over many months, it needed to be disclosed. When financial data are presented in a way which is meant to deceive the owners of a company how could an analyst ever believe mgmt, and recommend the stock? That's what this is about. Credibility!! If this type of behavior is acceptable to you so be it. However presenting data in a manner which is deceptive is not the norm on Wall Street, and that is the reason the stock is where it is. Nobody believes, nor should they, this management team. This mgmt team, led by Lon Stone has continuously over the last six months withheld information that was material to the shareholders. They have intentionally misled shareholders. They have made press releases with no regard to timeliness and to suit only their need and desires. They paid touts to run up the price of the stock after they landed in personal financial trouble. Why do you think the stock spiked to $3 3/4 on volume of over 300,000 shares a couple of days after Stones' account was sold out? Is this type of behavior OK with you? I asked you in the last post if it was OK with you that management granted options to the touts. You haven't answered. They granted tens of thousands of options to the touts. Is that OK with you? This really is what we, as owners of the company should be concerned with. We're being lied to by the managers of our company and our assets are being squandered by a management team that has no regard for the truth, has no regard for the shareholders, and has no regard for what's right and wrong. In 25 years of buying individual stocks I've never seen a managemet that treats the shareholders so contemptuously. We can't be rid of them too soon.