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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Jacques Chitte who wrote (686)	4/18/1998 1:03:00 AM
From: Michael	Read Replies (1) \| Respond to of 4634

Is the Zit on the verge of bankruptcy??? Without new financing in place, with coming quarterly report 4/28. With simple math one can estimate Bankruptcy date. An Example is if Zitel cash burn for Q is $4.5 mil. or $1.5 mil a month. With only $7.1 mil. in bank on 12/31/97 . Then in Zitel will have probably only $1.1 mil. cash on hand on 4/28.... Like I said Zitel without new financing in place by now, is on the verge of bankruptcy. Your Friend, michael

To: Jacques Chitte who wrote (686)	4/18/1998 1:19:00 AM
From: Bill Wexler	Read Replies (2) \| Respond to of 4634

Short squeeze - pure and simple. I saw Biotime go from 11 to 19 back to 11. So far I still have no reason to cover Zonagen since nothing has changed my mind that it is a fraud.

To: Jacques Chitte who wrote (686)	4/18/1998 1:05:00 PM
From: Hank	Read Replies (2) \| Respond to of 4634

Alex, I think the technical picture for ZONA is weakening. This latest rally based on the Oppenheimer upgrade is another pump and dump IMHO. Unlike the the last rally, the money flow seems to be reversing quicker this time. It may go up another point or so but I'm convinced it will be a false breakout. Short the crap out of it at 25 or above and wait for the next slide or just hold on. Now is NOT the time to cover unless you enjoy losing money. Hank