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

To: Anaxagoras who wrote (3286)	4/2/1998 2:35:00 PM
From: Dauntless	Respond to of 7041

Anaxagoras & thread An interesting post by "financy", copied from the Yahoo thread - <<<From AG Edwards, I received a prospectus for SGP. Within is a lengthy explaination on Zona...very straight forward. A very small excerpt: "Zonagen...is expected in the United States in 1999...." "In the final analysis we believe that Viagra is the better drug but that even if all the patients who could take Viagra did this would still leave 20%, or several million patients, as the possible market for Vasomax. Also, another major oral product in the market will aid awareness and expand the potential market. Depending on pricing and clinical trial results, which have not been fully disclosed, Vasomax could lead to a market potential of several hundred million dollars...." Personally, I like the potential in zona, with 11.54Mil outstanding shares. IMO(and SGP's), they going to launch Vasomax.>>>

To: Anaxagoras who wrote (3286)	4/2/1998 3:48:00 PM
From: Linda Kaplan	Read Replies (3) \| Respond to of 7041

Nice to see you here again. Wondering why you want to keep their heels to the fire if you haven't taken a position yet, one way or another. I don't doubt you. I am just curious. I have a general question for people who know the way trading works. It has seemed to me that Zonagen was keeping the price up when it should have otherwise dropped, by buying back shares. It seems that they bought almost a million shares (is that right???) the last quarter, and looking at the way the stock trades, it's very thin. So if they come in and buy near the end of the trading day, they can bring up the price of the stock a lot at the most important time of day, without buying many shares. Say they buy 500 to 1000 shares but at higher levels than it's been trading for most of the day. If this is possible, then couldn't they do this forever, and hold up the stock price themselves using the millions of dollars in capital they have? This is really still a speculation but it fits with what I've seen about how the stock has been trading and the amount of shares the company has bought. Could they be spending company money to support the stock price, but thereby raising the value of their private holdings? I'd ordinarily expect a company to try to buy LOW, not high. Is there any way to find out the prices they have been paying and the days they bought, to look at this. But whether there is or not, it's probably not illegal, right? I'm just musing about this, so to speak. Linda