To: Nick who wrote (2312 ) 5/28/1998 11:47:00 AM From: Gurupup Respond to of 5736
I never assume that short sellers are stupid. I hopefully assume they have not done all of the required due diligence required, although in this case, I am surprised they keep pressing their bets, when neither side has any further information. IMO, the short case is the following. 1. Darby is not a good manager, and is a woman. The facts in both cases speak for themselves. She has brought the company to this stage on her determination and belief in her product, and her strong feelings for shareholder values. I daresay few other CEO's could or would have accomplished what she has done with her work ethic, and her very competent staff. 2. SPRX is competition. BS> They are a non-event in the medical arena, according to the medical community. 3. We do not have a partner. I believe this point will be addressed in the near future, with a deal that will outline what the worldwide potential for Tlc.bili will be. 4. Pediatricians do not want the product. I personally as well as my associates have over a hundred examples that prove that to be very incorrect. 5. Push is coming to shove, and shortly the burden of proof is going to be on the shorts shoulders, and we are going to have a one way street for awhile as they scramble for their next method of attack. They will not go away, but they will be severely hurt, and will have to regroup with a new method of attack. Their initial reasons for shorting, as well as Avalon's garbage will be history. 6. I only have one suggestion left. Try and do some due diligence on other medical device companies, or bio-tech deals in the past. In a while let's compare notes on how those deals were done, and the structure of those deals. Perhaps that will give us all an indication of how good our deal might be when it is completed.