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

To: Walter Morton who wrote (1457)	10/1/1998 6:07:00 PM
From: Chris W.	Read Replies (2) \| Respond to of 2742

What?? Is that a real message to you from Frank Stout? That is pretty funny if it is! What's up with the qoutes around "Cistron"? That doesn't inspire a heck of a lot of confidence. Also, his advice to contact Hal Smith is a funny joke. Since when has that ever accomplished anything. I just finished reading the 10K and am concerned about a few things. First,the obvious, WHY THE HECK ISN'T ANYTHING HAPPENING!?!? Second, I don't really like it when a company of only six people has 3 effectively "overhead" people and only three direct workers. Especially when at least two of the overhead people are paid in excess of $100,000 a year and do absolutely nothing for the stockholders TO WHOM THEY SHOULD BE HELD ACCOUNTABLE BUT ARE NOT. Third, what are six people doing rattling around a 12,500 sqft building that is costing such big bucks? Fourth, I am soooo happy that "The Company's strategy has been to avoid costly selling and marketing expenses, and to concentrate its resources on research and product development." Gosh, last I checked, selling stuff was how you made money. If you have stuff to sell, sell it. Selling and marketing don't have to be costly. Here is an idea, earn some of your 300 grand Galton and sell it yourself. There is $5.8M of cash and 23M shares making a cash value per share of $.25 There is a book value per share of $.48 ... Something is messed up here. It seems to me like we represent a decent fraction of Cistron's 735 shareholders here on this Board. Are we being listened to? Let's get some management response here. Is management accountable to anyone? Are the directors puppets or are they doing right by us? I think a smart lawyer would buy some CIST stock just so he could have the basis for a good lawsuit if all the cash ends up somehow walking out the door in salaries.