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Biotech / Medical : Cistron Biotechnology(CIST)$.30 -- Ignore unavailable to you. Want to Upgrade?


To: Rudy Saucillo who wrote (1212)6/24/1998 12:27:00 PM
From: Steve Harmon  Respond to of 2742
 
Rudy,

You are right on the Genzyme deal Richard pointed out yesterday. Normally that would have done wonders for Cistron since the technology sold was similiar to Cist's.

There was a lot of buying yesterday but Cist's stock barely budged. Bluestone Capital gave NO stock support...A little stock support would have pushed our shares higher giving IL-1 a bit of a premium above cash level.

The way the Bluestone Capital deal is set up it is destroying our stock price. They don't want it to go up until the price on the remaining 400,000 warrants is set!

Bruce Galton>>>Put a set price on the remaining warrants...so then shareholder assets can reach their proper values.