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


To: Rudy Saucillo who wrote (1367)8/26/1998 11:14:00 PM
From: Steve Harmon  Respond to of 2742
 
I like it that PMC is BUYING 1.3 million shares at 75 cents....Someone other than us shareholders are FINALLY taking a risk on Cistron stock with real money! Right now if the definitive deal was signed PMC would be under $663,000. The warrants would be under water....



To: Rudy Saucillo who wrote (1367)8/26/1998 11:56:00 PM
From: Steve Harmon  Read Replies (1) | Respond to of 2742
 
The new excuse Cistron has been using lately to defend its bankrupt stock price is...THE BIOTECH MARKET IS DEPRESSED.

It has been 2 years since the IMNX settlement....IMNX has more than quadrupled since then! I follow and track over 100 biotech and medical device companies and only 1 besides CIST is trading below 1/2 cash!!! By the way its CEO was just replaced! The market both biotech and general has gone up and down and sideways since then....Cistron's stock has gone nowhere in both up and down time frames!

Bruce...You are allowing our stock price to trade as if we were out of cash, had no product, and getting ready to file for bankruptcy!

I have been investing too long to fall for that lame excuse!