Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : PLC Systems -- Ignore unavailable to you. Want to Upgrade?

To: Mark J Trudeau who wrote (548)	3/1/1998 6:35:00 PM
From: GRC	Read Replies (1) \| Respond to of 1202

My guess (and truly a guess) is: 4/20 - $24/share if approved $34/share if not approved $8.00/share. FWIW: I think it won't be approved, if I'd have to give odds I'd say 40% chance of approval. Does anyone know what the FDA typically does if the board is split closely (6-5 in favor e.g.). Also, when do we find out the makeup og the board? Both of these will influence my opinions. As of now, I will probably bail right before the hearing, or hedge with puts, depending on the premium. GRC

To: Mark J Trudeau who wrote (548)	3/2/1998 9:08:00 PM
From: DCB	Read Replies (2) \| Respond to of 1202

New member here...where did "yall" receive information that the meeting was going to be held in April. I have searched several places and been unable to confirm. Last I heard there was not a firm date due to conflicts in schedules. Anyway, referencing the price.... The stock should "take off" upon news release of the meeting, 30 days prior to meeting. Before meeting $23-25 Meeting approval $32-35 Meeting non-approval $9-11 I must agree that a few "puts" may be helpful. When dealing with the government, nothing is for sure. I do think that PLC will be approved, it is when I worry about. I hope for the best....D

To: Mark J Trudeau who wrote (548)	3/6/1998 5:33:00 PM
From: Mike Sesan	Read Replies (2) \| Respond to of 1202

I had PLC in the early times and sold off just at the right time. I have not been tracking it as close lately and need some insight if you can help me. I understand the FDA meeting is coming up in April and saw the stock jump up from 10+ to 15+ then back off to 13+. What do you think caused the back off? What are your thoughts about going in now and which way do you feel the stock will move in the next 3 weeks? What do you rate the chance of approval this time on a scale from 1 to 10 10 being 100%? Update as best that you can? Thanks