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

To: Dauntless who wrote (2212)	2/3/1998 10:27:00 AM
From: Cosmo Daisey	Respond to of 7041

Dr. Dauntless, Just between us, do you think I can sell him some too? Dr. Daisey

To: Dauntless who wrote (2212)	2/3/1998 1:29:00 PM
From: mc	Read Replies (1) \| Respond to of 7041

Dauntless and other longs out there, I'd like your opinion about a couple of things. First, what was the point of the last stock offering? If they didn't need the cash, and it would seem they didn't because now they're spending it to buy back stock and not on R&D or operations, then why did they offer it? Second, why do you treat the management of the company any different than Bill Wexler? They're both selling high and buying low and taking the money out of the longs' pockets along the way. If they didn't need the cash then they are diluting your holdings for no reason. If they did need the cash then they are setting themselves up for a fall by spending it on stock when it will be needed for other necessary expenditures. Either way, I don't see how this is favorable for the company. Gary