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

To: Jim Baker who wrote (1017)	1/7/1998 6:04:00 PM
From: EZLibra	Read Replies (1) \| Respond to of 3702

<As for touts, if it was pure touting I think it is unfortunate that some managers and would-be directors (BJCT anyone?) have penny-stock brains. It is so contrary to what this company has to offer, and how it should be behaving.> Absolutely right on. Yet current administration brought the company public in the penny stock market. It's a shame they couldn't outgrow the penny scammers. The science did. I assume BJCT is Bullet Bob/Darth Vader. His handiwork was all over the downdraught this afternoon, circumstantially speaking of course. BTW he does own the Reg D. As you are currently experiencing I too have suffered the slings and arrows of trying to defend TCLN management. For years. Wouldn't it help if they also tried to defend themselves? Bloomberg this A.M. had Lon filing to sell another 21,000 shares (yes, it was a margin sellout). The only beneficial thought I have is that the sellout under two bucks will be dollar for dollar instead of 3 1/3. Hope their buyer is good for it. Hunkered down in my foxhole, no atheists allowed.

To: Jim Baker who wrote (1017)	1/8/1998 10:39:00 AM
From: shero	Read Replies (1) \| Respond to of 3702

So it is OK with you if the company pays touts. It is certainly easier to do that than to formulate and execute a business plan that uses reputable companies that specialize in Investor and Media Relations. BTW you say "My answer had something to do with exercise price, expiration date, performance clause, etc." For your information the SEC considers any performance clause in a contract with PR type people to connote manipulation of the stock price. There can be no performance clause that involves the price of the stock, but that is exactly what these guys are hired to do. And like most people Stone has hired its doesn't seem to be going to well. Its interesting to see you, Davis, and others try to blame this debacle on...well, you know who. Why don't you compare the charts of BJCT and TCLN, say from July forward. I'll admit the BJCT is off its high but it has still doubled since July. From about .60 to $1.30. And TCLN is at a almost 3 year low. In July it was around $5. Its lost over 60% of its value. Who here, with hindsight wouldn't gladly switch positions. Yesterdays action, to me, doesn't look like the work of a NJ devil. Once the stock fell to below $2 everyone who had this stock on margin had the same problems as the insiders. It was put up more money or sell the stock. Yesterday was lots of 1-5,000 share sell orders "at the market." And with that type of selling the market makers just got out of the way. Hopefully this margin related pressure will be over by tomorrow. We'll see.