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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (2457)	8/19/1998 10:56:00 AM
From: Jim Baker	Read Replies (2) \| Respond to of 3702

So Berblady was shocked to see how many shares outstanding, when all along I have been warning that we are headed to 100 million shares. And I have for quite some time been calling for a closer look at the terms of what some still foolishly call the "credit line". Check out those warrants. So shero is a tad upset about the proxy. A few weeks ago shero and Marshall were tearing me a new one for revisiting what they were calling "old news". Davis' record is intact, he was WRONG again. Old news indeed. And was it wallner or winn who all spring was posting a desire to buy shares direct from the company in order to fund the company? How ironic that while he was trying to do so and was rebuffed by the company, EGF did a beaut of a deal where she bought stock (with warrants attached!?!?) right near the low price for the year. And a note to CG: The option resets and compensation levels stink. Write your letters, but the only recourse you have is to vote the bums out of office. That's what I plan to do. Another note to CG: I think your strongest case involves the loan being forgiven. How is that a good and appropriate use of the shareholder's money? Lets see, they could pay Lon $1million up front, they could pay him $1million up front less the $300k loan, or they could pay him $300k for three years and forgive the loan. So they chose plan "C" ?!?!?!?! What a hump. And a note to shero: I noticed a few weeks back you failed to make the "management doesn't matter" charge stick. So what did you do, you just invented a new charge ("defending management"). Of course what I call giving a balanced assessment you call defending. It's a judgement call, and a pointless one. Stop wasting our time.