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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?

To: Cavalry who wrote (749)	9/19/1998 2:41:00 PM
From: The Street	Read Replies (1) \| Respond to of 1637

HEB-- Keep two things in mind!!! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1. There was a mention that there are Convertibles coming on to the market which will dilute by 80% 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. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2. HEB is mainly focused on Europe-- which has not dismissed the reality of CFS. In fact CFS is very real. And the FDA means squat there. So that is a plus. BTW, I had CFS and was in a nightmare for 3 years...