Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Cryogenic Solutions Inc. (CYGS) -- Ignore unavailable to you. Want to Upgrade?

To: Junglejim who wrote (3047)	8/17/1998 2:06:00 AM
From: marcos	Respond to of 4028

So did Genentech go the frozen fetus route -g-

To: Junglejim who wrote (3047)	8/17/1998 9:12:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 4028

Jeffery, Do you remember Genetech? The company completed an IPO in the early 80's. The company was priced at $7.00 and by the end of the day had traded as high as $77.00. No one knew their scientist or understood genetic engineering, DNA was unheard of, and it was four years before the company earned 1 penny. This is the world of biotech and if you and the rest of the nay sayers do not understand this you need to worry about something you do understand. Mistake 1: The company was "Genentech", not "Genetech" Mistake 2: Genentech was founded in 1976, four years before they IPO'd, and built up a documented track record of strong research. Mistake 3: The IPO was priced at $35, not $7, and went as high as $88 in less than an hour. Mistake 4: Genentech was founded by a partner in a premier VC firm who hooked up with a widely published and acknowledged pioneer in the field of recombinant DNA, not some guy involved in an insurance fraud working with an anonymous guy in a lab in Kansas. Mistake 5: Genentech licensed their first of many products to Eli Lilly in 1982: human insulin. I presume they never had a problem earning money Source: genentech.com It truly amazes me how you can be so confident about something without doing a shred of research. I truly hope all CYGS shareholders have a better grasp of the facts than you. - Jeff