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Biotech / Medical : Lidak Pharm. [LDAKA] -- Ignore unavailable to you. Want to Upgrade?

To: John Zwiener who wrote (1023)	4/18/1998 6:54:00 PM
From: pinewoods	Read Replies (1) \| Respond to of 1115

Hi Luis, John, and Henry: Rest easy! According to the settlement agreement, there will soon be 3 new, totally independent, nominees to the Lidak board, hopefully with pharmaceutical experience. Hennessy and Rutland will be on the new board; have fantastic business backgrounds; have their own funds invested in Lidak; and, despite the reference in the recent news articles, are also independent of all parties to this affair, including HealthMed (according to staff at the company). The new board will include 3 members from the original board plus Dr. Katz. HealthMed may resubmit a proposal, but with this board, it will only be accepted if it is good for Lidak and its shareholders. Otherwise, I am sure that the present management and future board will find alternative partnerships, or non-dilutive funding, or both. Lidakol is a good drug and is near FDA approval. Soon to be announced, hopefully: 1) 3 new board nominees 2) new proxy and date of fiscal meeting 3) clarification of results of clinical trials and p-values for Lidakol (I believe that the management is aware of their responsibility to communicate with shareholders).

To: John Zwiener who wrote (1023)	4/18/1998 11:47:00 PM
From: luis a. garcia	Read Replies (1) \| Respond to of 1115

That is an amazing analysis John the board (some on the board) do not view the new directors as Healthmed people. Of course they are not tested but one lives inPalm Beach and owns stock... the other lives in Carlsbad and he is his own man (an investor) aligned with our common purpose.. Stein Healthmed are out they have NO standing on the board and no say so on anything... I don't think they would be seriously approached selecting any body at all... If they don't approve they don't collect .... if you know what I mean... they are gone... at least that is the concensus... if they are truly broke. The numbers is tricky I posted extensively on Yahoo about that, its not a simple issue...don't know if you read me... late march early April posts... regards luis