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Microcap & Penny Stocks : NEOTHERAPEUTICS (NEOT) (NEOTW) -- Ignore unavailable to you. Want to Upgrade?

To: Marty who wrote (474)	6/10/1998 12:10:00 AM
From: Joe Bz	Read Replies (1) \| Respond to of 705

Marty, Marty, Marty. Calm down. Take a deep breath. There are two things going on here Marty. There is the science and there is the business. I am not a scientist and do not understand these aspects of NEOT. You seem particularly enamored by the potential for NEOT. I honestly hope they succeed in finding a cure for Alzheimer. The world will be a better place. I would also caution you not to fall in love with a stock. It will break your heart and your pocketbook. On the other hand, I am a businessman and do understand some of the business aspects of NEOT. There are several things about NEOT that would prevent me from ever making a long term investment in the company. First and foremost is the current management. Glasky has not demonstrated that he can manage a succesful company or bring a successful drug to market. The fact that so many of his family members have such high positions in NEOT is very troublesome. I think this is extremely bad business. The potential for conflict of interest between the what is good for the family and what is good for the company is tremendous. NEOT is going to need a lot of cash to complete their work. I expect that there will be several more offerings before a drug is brought to market. Everytime more stock is issued, the value of the outstanding shares are diluted. If the number of shares is doubled, the value of the current shares is potentially cut in half. I currently do not have a position in NEOT. I have been both long and short NEOT in the past. It has potential as a trading stock, so I watch it. You may not like that, but that's business.