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To: celeryroot.com who wrote (3274)	8/21/1998 11:49:00 AM
From: Jeffrey S. Mitchell	Respond to of 4028

Ahhh... another Pluvia vs. Westergaard connection. For those that don't remember, Westergaard is paid to promote stocks (sound familiar), and launched a crusade to rid the internet of Pluvia by unmasking him. To that end he offered a $5000 bounty to anyone who could do so. You see, Pluvia had been telling people that PLSIA, under contract from Westergaard, was cooking their books. A year later, sure enough, the SEC proved Pluvia correct. Now it appears we've got an analyst in hot water for stock manipulation. Other times its the promoters. Moral: if you focus just on the company, let alone just the present and future aspects of a company, you miss the big picture. With penny stocks, if you ignore the big picture 9 times out of 10 you'll be toast, IMO. - Jeff

To: celeryroot.com who wrote (3274)	8/21/1998 11:57:00 AM
From: Graham Marshman	Respond to of 4028

Thanks, Incidentally, I just did a quick check on some recent FDA timelines. The FDA, as you probably know, issues a statement of total time (in days) of both the testing and approval phases on approved items in order to allow patent extensions. I took all the ones reported since 8/9, eliminated one device, one food additive and one animal product, leaving only drugs. For those five, I tabulated total time in test phase and total time from IND to approval. See below: Drug Test period(days) Total period(days) Mirapex 2024 2576 Etopophos 1029 1719 Posicon 1326 1793 Dostinex 1825 2188 Benefix 583 749 These were approved in 96/97 so still not very current, but interesting. Average total period to approval was 4.9 years with a max time of 7 years. Let me just state here that this is statistically insignificant, but I was just taking a quick sample. Looks encouraging that the FDA may be somewhat better than the 12 year peg. Graham