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

To: Jim Baker who wrote (954)	12/29/1997 3:20:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 3702

Jim, loans are only available to asset backed companies, so the only source of funding to back a speculative intellectual property company such as Techniclone is more equity issue. Whether current shareholders get hosed or not is a function of the success of the technology so far. If it is all going great, prospects are good, products are on-line and billions of dollars are about to pour in the door, but there is a slight cash flow gap to get there, then the current shareholders don't get hosed. The share price would already be high and new shareholders or old shareholders putting in more money get to put it in at the prevailing high price. If like Techniclone, then the hosing was done as money was used with no results coming out. All current shareholders can do is use their inside knowledge of years standing to decide whether new shares offered are a good deal or not. People who know little such as I don't, have to take more of a guess and might overpay - thereby being hosed! It seems from the current share price that existing shareholders have lost most of their investment and when Techniclone goes back to the well for more, they either back it or turn off the tap, sell what is left of the intellectual property, lab benches and stuff and put it down to experience. I'm aiming to learn whether this company has real prospects. Somebody is going to cure cancer. Maybe Techniclone has the real oil! In which case existing shareholders should buy up huge on shares at the current low price. Maurice