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Biotech / Medical : HEB, Hemispherx Biopharma (AMEX)NEW -- Ignore unavailable to you. Want to Upgrade?


To: Anthony@Pacific who wrote (310)9/16/1998 2:18:00 PM
From: Gerald Underwood  Respond to of 857
 
To All,

Of interest to all is the conference call to discuss new corporate developments.
A replay is available for 30 days 24 hrs per day at
800-475-6701 Access code 407448.

Things appear to be accelerating. Anyone who has a genuine interest in Heb should listen to this hour long conference of very informative developments.

Gerry



To: Anthony@Pacific who wrote (310)9/17/1998 11:55:00 PM
From: chester lee  Read Replies (2) | Respond to of 857
 
A@P,

You should be selling and/or taking a short position.

Asensio is shorting this one. biz.yahoo.com
NEW YORK, Sept 17 (Reuters) - A number of short-sellers are betting that the potential of biotech company HemispheRx BioPharma to produce an effective treatment for Chronic Fatigue Syndrome has been overstated, according to one analyst in the September 28 edition of Business Week.

Manuel Asensio, head of investment company Asensio & Co.

told Business Week's Inside Wall Street column he is shorting the stock with a target price of zero.

Asensio believes HemispheRx's ampligen chronic fatigue drug is neither safe nor effective.

The company's Chief Executive William Carter told Business Week the drug's safety and effectiveness have been well established.

Asensio also said the company's shares are subject to substantial dilution from as-yet-unexercised warrants, options, and convertible preferred stock.

Asensio calculates that when exercised, they will boost the number of shares outstanding by more than 80 percent.

A HempispheRx spokesperson confirmed his contention, Business Week said.

Carter told the magazine that he doesn't believe there will be a substantial dilutive effect.

Shares of HemispheRx closed at 9- Thursday, down 7/16. The stock's year high is 13-3/16.

chester