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

To: john dixon who wrote (965)	12/31/1997 9:13:00 AM
From: shero	Read Replies (1) \| Respond to of 3702

It wasn't too cold to fish where I was, Davis. A 9 Lb. 10 oz bonefish and over a 30 lb snook on light spinning tackle, 10 Lb test. Took over an hour to boat him. John, you're half right. People at higher prices could be selling for tax reasons, and people who bought could also be selling for tax reasons. Or they might be buying more, like me and you and Davis. I've read Davis post and I don't think he's right about a certain activist shareholder--here's why. This guy, we both know who, owns lots of stock, and while he, like us, isn't a fan a management he has all the subtlety of a brick. Also this guy is very market savvy. If this guy wanted the stock down it would be $1. It would be easy. Just call your favorite market maker and offer 100,000 shares at the market. The bids would dry up so fast you'd be stampeded by market makers trying to get out of the way. And you've all seem the volume. Its been massive, but with only slightly more selling than buying. There's another moe likely scenario based on the action of the stock. Our favorite CEO is having margin problems. That's been proved. They sold 20,000 shares out his account at $2.50, so what do you think is happening with the stock at $2? His brokerage firm, rather than just dumping stock and hurting everyone has been leaning on the offer for days, selling to buyers, and slowly getting out of a position while the stock slowly goes down. If this is true we'll know in 30 days or so when the 144 filings are reported. Until then we can only speculate but I've heard our favorite CEO is in a world of trouble. No wonder he can't manage the company. He can't even manage his own personal affairs, this with a $250,000 per year salary, an expense account, and a $350,000 loan. Its a disgrace, at least it coming to an end. But it must feel pretty cool to drive around in a new Mercedes while your broker sells out your account. In a couple, maybe 3 weeks we'll have a new CEO. I for one fully intend to give this new guy, or gal, 110% support--and I'm going to relax in my living room while the carnage goes on in Tustin, and heads roll. It'll be like the French revolution, we'll cheer each time the axe comes down. Davis, this is where you are supposed to post something clever in French. And please translate for us hicks. Davis, thank you for your forebearance but what is quadruple double figures? And one last thing--your analysis of JB's knowledge, or lack thereof concerning the market was right on. You've forgotten more than this guy will ever know. And he knows even less about management. Here's a few of my favorite quotes. "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." That's from #948. And its 100% wrong. Its not only not too late for new management but the calvalry is arriving just in time. Another 2 months of Stone & Co. and the next financing would again be done at $.60, just like the last one they did without help. So at least you are right about double digits. The question is which side of the decimal point?