SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Texas Biotech (TXB) -- Ignore unavailable to you. Want to Upgrade?


To: X. Fang who wrote (584)2/19/1998 2:57:00 AM
From: Bill Wexler  Read Replies (3) | Respond to of 834
 
<<Hope you short more TXB at $8 1/2 next week>>

If you're bold prediction pans out, I'll definitely take your advice.

It never ceases to amaze me how small investors will rush in and throw more money at a management that is actively doing everything in its power to dilute shareholder value.

I estimate that over 60% of the capital raised through the numerous stock offerings went directly into the pockets of insiders and stock promoters.

Despite the hype and numerous press releases, I believe that TXB will continue its long history of delivering absolutely nothing except more stock.

I stand by my short recommendation.