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

To: Jasman who wrote (2243)	2/7/1998 4:19:00 PM
From: Bill Wexler	Read Replies (2) \| Respond to of 7041

The Zonagen (ZONA)/Texas Biotech (TXB) circle jerk. I now turn your attention to the well-organized, and professional-looking web page of biotech superstar Zonagen: zonagen.com (By the way, when I first wrote this post, Zonagen's web page WAS up. They have since taken it down and promised to put a new one up by Jan. 31. just like all their other promises - they have still failed to deliver. The reason they took the original web page down was because it contained a lot of misleading information about "products" - such as "Vasomaxine" - that we're supposedly under "development". Fortunately, the original pages were copied and forwarded to the SEC, along with a complaint.) Read it carefully, particularly the section about products under development. Is this a company you would pay $260 million for? Note that David McWilliams, president of a bizarre, worthless company called Texas Biotechnology Corporation (TXB), sits on Zonagen's board. It is extremely interesting to note that TXB's capitalization structure has amazing parallels to Zonagen. Just like Zonagen's fortuitous deal with Scering-plough, TXB also has a licensing deal with a reputable firm - SmithKline, who also happens to be an early investor. sec.yahoo.com We all know that fine companies like ZONA and TXB are more concerned with advancing modern medicine than lining their pockets. We can rest assured that they wouldn't resort to dealing with Wall Street bottom feeders......right? worth.com P.S. Please spare me the "you could be sued for libel" crap. As a short-seller, I've heard it a million times. All this statement tells me is that you don't know what you're talking about. Here's some good advice: re-examine your investment in TXB carefully.