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Biotech / Medical : SANGUINE CORP. (SGNC) -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (2769)	7/8/1998 10:10:00 AM
From: UnderCover	Read Replies (2) \| Respond to of 5402

<<<what were the negative aspects of the meeting.. >>> There was one question asked that Dr. Drees had to answer as a negative. The question was " do you foresee a large market from the African continent due to the HIV virus and other contaminants so prevalent within such a high percentage of the population. And to add to that, the lack of facilities to refrigerate whole blood". His answer was "no" he did not expect a large market from the African continent due to the social structure and the poverty levels of the majority. He also said that this is probably where this product could do the most good because of necessity, but more than likely would be available to only a minute portion of that society. I was very impressed by his manner and tone in explaining this; it was obvious that his concern was for humanity not profit. I have not been this impressed by a single individual in a very long time. He will change the world one cell at a time. More to come as time allows. We will probably repeat ourselves, bear with us. Great job Gwolf, Prospector, and Profiteer. t

To: Jim B who wrote (2769)	7/8/1998 10:15:00 AM
From: Gwolf	Read Replies (2) \| Respond to of 5402

Jim & Mike, you inquired about those in attendance.................. I guess I should have done a head count but I didn't, I was riveted on Dr. Drees. I also should have gone around the room after and inquired where everybody was from but instead I cornered Dr. Drees so that I could have my brother, who is in the medical profession, ask him some very detailed questions. I did however recognize several people in attendance. One of the people was a money manager from the largest bank in the area. There were at least four brokerages firms that I am aware of that were represented there. I do know that Prospector had one guy cornered from a brokerage firm that maybe he could comment on. My main focus was on Dr. Drees so I'm sorry that I can't comment any better on the individual people in attendance. The general tone of the meeting in my opinion was a group of people hungry to hear every drop of wisdom that would drop from his mouth. As best I could tell everyone was completely enthralled by Dr. Drees calm and precise description of the blood industry, the fall of the competition and the potential for the product. Based on the questions I didn't see any sign of disbelief or lack of approval. I personally focused on any potential unknown competition that might arise at some point in time and in each case he knew exactly what each of these organizations was doing, who their principals where and what their outlook was. Maybe the others had more of a social interaction and could express their feelings. Gwolf