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

To: Alys Hall who wrote (944)	12/26/1997 7:38:00 AM
From: Agenda	Read Replies (1) \| Respond to of 3702

this is much better than daytime television!!!!

To: Alys Hall who wrote (944)	12/27/1997 4:23:00 PM
From: Jim Baker	Read Replies (1) \| Respond to of 3702

Rose colored glasses? Learn to read? Geez Alys, are you kidding? What I am trying to say is this is a very risky period for this company and its stock. What I am trying to say is that by April, you could make a case that the stock will be worth pennies, or double-digits. And right now, we do not know which outcome is likely. But we do know that it is too late for a new CEO to be of any relevance to these crucial near-term outcomes. Either Lon has licensing partners and financing ready to close in the next few weeks or months, or he does not. I don't like being in the dark about the company's condition and prospects. I don't like the fact that we have a management that has failed to keep us fully informed. To figure it out on our own, the only data we have is the situation and management's track record. The situation is desperate, but the company has some great assets that would lead you to think partners and funding are possible. And as I have said, the management track record includes some really great moves over the years (like getting the rights to LYM, TNT, and Peregrine), and it includes some really bad moves (like buying the second building, like needing cash every 12 months, and like failing to gain some support on Wall Street). What will our investment be worth in 3 months? Some people might confuse having a thought process with reading shero and davis. Correct me if I am wrong, but did they ever lead you to think we would end the year at $2? If so, why do you still own the stock? As for the future, I am sure you are beginning to understand that they have failed to point out the severity of the near-term risks and rewards, and they have failed to give you any clue as to the probability of the outcome. Let's hear it, oh wise ones! Does Lon deliver partners and funding in time? Where do you think the stock will be in April? And, why? Nah, you'll duck the questions. You would rather gripe about management. Easier to play the blame game.