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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Voodoo who wrote (2168)	1/30/1998 6:51:00 PM
From: Bill Wexler	Read Replies (3) \| Respond to of 7041

<<Perhaps you could explain one more time why you think Zonagen is a fraud and a scam.>> I'd be happy to: 1) Phentolamine is a generic drug which does not produce erections. 2) Zonagen's current patent is worthless. It was paid for with $300,000 worth of stock. The only reason it was purchased was to mislead investors. 3) Zonagen's new patent application will not be approved. Zonagen's "new" formulation of phentolamine steps is extremely similar to previous oral formlations. The addition of 16mg of disintegrant will not be sufficient grounds for a new patent. This is a moot point of course, because even if the examiners suddenly went bezerk and by some miracle Zonagen WAS granted a patent, oral phentolamine still has not been shown to be effective in the treatment of MED. 4) Zonagen has a histroy of pulling similar scams. they tried to file a patent for Immumax, which was a copy of an existing product - Chitosan. 5) Zonagen has litlle, if any, R&D infrastructure. In comparison, pfizer has spent over $400,000,000 in the development of Viagra. 6) Zonagen announced a phony "stock buyback" immediately after the stock collapsed, even though it is still a "development stage company" and is expected to lose over $3.00 a share in 1998. 7) Joe Podoloski has repeatedly lied and misled investors in conference calls and press releases. 8) Zonagen has hired shills with dubious backgrounds. most notably, Dan Ramsey and Jeff Opedyke/C. McGuire. These shills have mounted an extensive propoganda campaign to artificially inflate the price of Zonagen stock. 9) Despite claims about an "imminent" NDA filing, Zonagen has been strangely quiet about releasing more data about Vasomax. Zonagen is a fraud and a scam, and Joe podolski is a filthy crook. Short Zonagen to 0. By the way...don't kid yourself about anyone spending my money. i have been an active short seller of Zonagen stock since it was trading in the 30's and I will not cover a single share until it falls to the floor.