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

To: Jim Baker who wrote (932)	12/23/1997 11:17:00 AM
From: Alys Hall	Respond to of 3702

Since I don't trade, but like to add to positions, I did not benefit from the move to 6-7 area. I thought that this Company was going to follow through with its lead and finish the Oncolym testing and move on with TNT. So why would I have sold? I really wish that you would read the messages posted here more objectively. The stockholders have no private agenda other than seeing the Company succeed. To that end, they do not trust the current management. Their fear , of course, was that current management would attempt to delay a new team from coming in..something they have done very effectively over the past couple of years. No one denies that the current management team has made an effort ..but they are not capable of moving this Company forward. You can't even understand why the non-recurring expenditure of $400,000 was ill timed and not well presented. For a Company in dire need of money, that represents a total waste. However, no to belabor a point..you have your point of view, others have theirs...the street has displayed little confidence in the current team and most of us feel that a new, ctronger Ceo will ultimately benefit the Company. Your concern that they will walk in on a ready made fortune defies comprehension when there is much to do and providing leadership and momentum not the least. I do hope that you have a Happy Holiday and that 1998 is a good year for all of us regardless of how we may differ in our opinions...

To: Jim Baker who wrote (932)	12/23/1997 4:09:00 PM
From: shero	Read Replies (3) \| Respond to of 3702

This will be my last post for awhile. I'm flying to Belize tomorrow. Fishing for snook and bonefish at dawn, scuba diving in the afternoon, and bird watching at night. Jim, let me correct you on a couple of quick points. TCLN went public, it is true, at $0.01, but there was a reverse split of 1 for 100. The Dow at that time was around 800. So if you bought the stock at the new issue price of $1 your return compared to the Dow...stinks...and remember you are supposed to get a higher return for the assumed risk. Also shortly after the stock started trading it traded as high as $15 per unit, or $11 or $12 per share. I guess we shold consider ourselves lucky the company survived. Call me a crybaby or whatever you want. If I could sit down and tell you the stories you would only shake your head in amazement. The fact is Stone prefers to surround himself with the touts rather than reliable people and TCLN's history under his mgmt bears that out. It would take years to post all the stories, and I prefer to let bygones be bygones. New mgmt is coming in. Just in time. There is one other thing I have to correct. You say "Of course, the biggest payoff will go to the new CEO. This lucky bozo will walk in on a company that...he will be handed a potential $100 million windfall. For doing nothing but walking in the door." You, of course, are dead wrong. The new CEO must do what Stone and Co. haven't been able to do. They must perform and get the products to market. Stone hasn't been able to do that. Regardless of the excuses 15 years is more than enough time. I remember when Stone made a presentation at the City Club in New York in 1985 and stated, in front of 150 analysts and brokers, that the company was definately going to be profitable in the next year. Well, nobody gets everything right. Now in another post you ask who my sources are. Sorry. You must know that I can't post that. You also ask if they are reliable. 100%. I was called by the tout 2 days after I was told he was hired. I was told 2 weeks before the 144 was posted that Stones' account was sold out of 20,000 shares. And I was told the operating numbers presented at the shareholder meeting was science fiction. That's three out of three. Now pick a number between 25,000 and 75,000. That's the number of options granted to the touts. I don't know the terms, nor do I need to know. There's more I could write but the rest of your very opininated post makes clear what you think of many of the posters who have expressed a reasonable concern for how mgmt runs a company they have invested their hard earned money. You call us...."self-absorbed, unaware, inexperienced, and big-mouthed". Remember that mgmt dilutes the hell out of this company while not having invested its own money, getting exorbitant salaries, interest free loans, and stock options. By your own statements the only measure that counts is the company isn't out of business. I'm glad you're not running the company, even though I can't tell much difference between your attitude and that of Stone. You say..."They find it easier to play the blame game (as long as the blame is on someone else) than to undertake any type of independent research and thought." It would be hard to blame the shareholders for this companies terrible performance. And we all did enough research to buy stock in the same company. If it weren't for activist shareholders we'd be stuck with the same mgmt that brought us to this point. I thinks its a testament to the activists shareholders patience, the ones you critisize, for waiting a long as they have. I guarantee one more year of Stone and Co. and this company would be history. The fact is the company will be out of money in April if things go as they are and no deals are signed. And no-one is coming to the rescue of Stone and Co. again. So its off for the holidays. And if I get tired of bonefish I'll fly to Costa Rica and go sail and marlin fishing. Even with TCLN at these prices life is good. I wish the best to all the shareholders this holiday season. See you next year--SHERO