Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: PDavid who wrote (2564)	9/23/1998 1:10:00 PM
From: EZLibra	Read Replies (6) \| Respond to of 3702

Phil, everyone is entitled to their own opinion...good for you. You think management is not working? If you would call you would find the one thing we can individually verify is that they are always working. Of course this is a different management from 6 months ago. There's a new chairman, CEO, CFO, they've let go or replaced the head of manufacturing, regulatory affairs, nuclear medicine licensing, the law firm and many non-key personnel. There's even a new board member from Big Pharma. I doubt Bymaster is done with the housecleaning yet, looks like they only want producers drawing paychecks. Proposition #2 is a shelf offering, similar to those popularized and used by most members of the S & P 500. It will only be used if needed. As explained by Lawsys the terms are hardly onerous - too bad the negotiator for this one did not negotiate the disastrous Capello deal. You say the worst case scenario is a special meeting, etc. Other than the 90 days, the money, and general weakness that this would display why should we take our key people away from addressing the needs of getting product to market and even curing cancers? There's also a considerable short out there creating an artificially depressed price now, the latest declared short should be out after the close today. The way I look at it, that short is going to provide a lot of buying soon enough. As you say, if they do their job this whole issue would become a non-issue. I do not wish, ever, to go through another period not knowing where or when future funding is coming from. The science is too important to the world so I recommend a bird in the hand, etc. If your personal guarantee is that good then fine, start writing the checks and put their backs against the wall - force them into another Fire Sale. I personally have had something to do with bankrolling this company and would rather see the Tustin powers-that-be out getting the best possible deals on the best possible terms for us shareholders. This is my opinion, of course, and I vote yes on prop #2.