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

To: Jim Baker who wrote (910)	12/19/1997 7:04:00 PM
From: shero	Read Replies (1) \| Respond to of 3702

Jim, I hope this is the last time we have to do this. I was willing to concede you point about burn rate to get past what is an arguement that only deflected focus from the real issue, which is managements deceptions. I have told you exactly what I believe they are. The only word I haven't used directly is fraud. No one is guilty of fraud until they are convicted in court. I believe your defination of burn rate is wrong. Certain one time expenses like adjustments for laying off employees don't count, but for a developement stage company building and furnishing buildings are budgeted items and these budgeted items should be figured it in the burn rate. My dog hunts fine, but I'm not going to argue this piont anymore. We just have a difference of opinion. And considering my background is investment banking I'd bet the majority of large shareholders feel the way I do. But the point is mgmt knew these expenses were being incurred and chose to leave them out of an important financial presentation to make themselves look good. It was deceptive and backfired. And while it may not matter to you, indeed you are making excuses for management, this intentional deception is very important to the larger shareholders, of whom I'm one. When I said I haven't spoken to mgmt in years what I should have made clear is there is not frequent, or meaningful dialogue. I mean how can you have meaningful dialogue with a bunch of liars. I was in Ca. in February and spent about 1 hour with Lon and 1/2 hour with Bix. I even met Nicole, I think she had just been hired. She's another useless liar with no PR experience. I believe she came from the United Way and is the daughter of a female friend of Rudy Shepards. You see Jim, I've owned stock since 1984. My present position is over 100,000 shares, and my family owns almost as much. Not 1% like Davis, but a good position never-the-less. When I call Stone he picks up the phone. And if I ask the time of day he tells me. I just check my watch. I don't call him because I know his broker, other people he talks to, and all the touts. I don't have to waste time talking to him because I hear what he's going to say from other people, and I don't believe him, anyway. You should hear the idiocies that spout forth from his mouth. This guy doesn't have a clue. You could run the company better than him. You mention month after month of vague hints, deception, etc. I've been very specific about the lies and deception, and the financials released this week cap a very sordid period of the company's history. An FDA date that was known to management weeks before they decided to tell you. The only reason they said anything is because the stock started to tank and Stone was getting worried about a sell out. Alpha deal done weeks before it was announced. And then there is hiring of touts, paying them with stock options that dilute your ownership. Those aren't hints, but the only way it will be proven is if there is litigation, which I sincerely hope can be avoided. You ask Alys to understand the timeline. Despite 20 years of investment banking experience and owning this stock for 13 years I can tell you this management team has no time line. It will get done if its done by other people. Stone and Co have fumbled the ball so many times I can't count. Shepard and STone have said as much in lots of different ways. From STONE "Amgen has hundres of millions of shares out so who cares how much stock TCLN has outstanding when the products get approved." And Shepard "All great companies have products in the market..." inferring...well, you figure it out. For the sake of avoiding further arguement I've conceeded you points, even though the majority of experienced professionals in the business woul disagree with you. Instead of being gracious you come back with the very same venomous attack you accuse me of. Also I don't know where you think I said Rudy is conservative when it comes to disclosure. It was Rudy's failure to disclose loans to officers and directors that was the cause of having to reprint the proxy. Rudy doesn't believe the shareholders should ever be told anything, and will lie if he can. Its a fact my friend. Rudy made the decision not to disclose what had to be disclosed and it cost the company $100,000. This is the guy you want to support. Jim, I don't know what your background is. We both own stock so we should be on the same side. However you seem to support management which is your right. I've supported them in the past, probably for years before you ever heard of this company. But I've been lied to too many times, the time it has taken to get from point a to somewhere near point b has been far too long, and I just can't support these guys while they continue to take large salaries, accumulate options while there is no meaningful progress, and lie and deceive the shareholders. And like you I own more stock now than I did 120 days ago--20,000 more shares. I'm not going to engage in anymore dscusstions like this. You want to support a bunch of liars and deceivers, it you God granted right. I'll die to defend that right. But I can't wait till we get a new CEO who will cut the payroll down to a reasonable amount, fire the PR department, and hire some bean counters who will tell us the truth. It'll be less than one month--I hope. PS. Hanefin downgraded the stock to a hold today. The reason..."we believe the company may suffer from a significant "credibility gap" that could result in a lower stock price." See Jim, the analysts are in agreement with me.

To: Jim Baker who wrote (910)	12/19/1997 11:21:00 PM
From: Alys Hall	Read Replies (2) \| Respond to of 3702

You seem to lack the perception of a true brain surgeon and that might be frightening for you to think about, but Mister..let me tell you that when a stock spend the year losing 2/3 of it's market value..something sure in Hell STINKS!!! Is it not the MANAGEMENT whom you seem to idealize in your message. Why don't you give these guys a BIG BONUS for the job done this year on their market performance. Also, when my puny little business is spending necessary funds on development and cash flow is tight, we sure as Hell don't bust the budget by buying..OFFICE FURNITURE...that usually has to wait as does the expenditure on bigger and faster computers or anything else that is not absolutely necessary for reaching our goals. You don't know how disappointed I am to finally recognize that the stock is not going to hit 100 on December 31, 1997. You pompous fool, how dare you insult my intelligence. CAN YOU READ? I've owned this piece of S--- for years and listened to the hype and touts and even subjected myself to reading this thread when geniuses like Celeryroot and Brenda Greer were posting. I always thought they were stupid..but they got out with a 33% loss and could buy their shares back here more than 50% discounted. When you have something intelligent to post, do it...otherwise keep buying, you'll look as good as the rest of us trying to explain why we are still sitting in the stock at a two year low when the market was making new highs. Where is the development..products..testing and new CEO. If you know, kindly post it. You can tell we are all sitting here for our health breathlessly awaiting you to tell us what the stock is going to be on 12/31/97..since it won't be $100...will it be $1 or is that too optimistic? Oh yes, the one firm that followed the stock, pray tell, what made them decide to downgrade it? Please don't think I'm being critical. Why would I want to do that when I've seen 2/3 of the market value of my stock go done the drain...how picky of me..when you were nice enough to point out the errors in my thinking. I have to go now...I want to tell my husband not to order the new Rolls Royce we were going to use the gains of our TCLN stock to pay for on December 31, 1997!!