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Biotech / Medical : Depotech(depo) -- Ignore unavailable to you. Want to Upgrade?

To: Czechsinthemail who wrote (656)	12/22/1997 5:55:00 PM
From: Cymeed	Respond to of 887

<<Erickson did seem upset and suggested that the ODAC committee had reneged on previously negotiated understandings with the FDA. Since I don't know what those agreements may have been, it is hard to evaluate his response. Maybe he felt justifiably angry and betrayed and was trying hard to contain it. I can certainly relate to that feeling.>> Erickson unloaded22,500 shares on July 31, 1997. If he feels highly confident about the DepoCyt approval, he can certainly arrange a short term loan if he only needs money, and wait until the approval to sell the stock. I suspect he knew the real chance of such an approval from the beginning. And he may be one of the only fews that know what it is really going on. Remember, they are people taking money off the table just before ODAC meeting. Although I don't know who those people were, but I am sure those are the smart ones and probably better informed ones. Erickson unloading shares 4 months before ODAC meeting is the most troubling part that caused me to unload mine today. I would suggest people on this thread who still has a dream for Depo to come back to question the management too, at the same time you are trying to convince youself that DepoCyt is good. Even if DepoCyt is good, its reputation has badly damaged. Its marketing will be extremely difficult even after an approval (in 1999?).