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


To: Steve Harmon who wrote (1459)10/1/1998 9:48:00 PM
From: Steve Harmon  Read Replies (2) | Respond to of 2742
 
Cistron's management(there is only 2) can not use the following excuses in explaining their bankrupt stock price...

1)Asian contagion...No exposure
2)Russian contagion...No exposure
3)Brazil...No exposure
4)Low in cash...Have $12.5 million total
5)Need time to understand Cistron's products...Each of the 2 officers have been at Cistron 14 freakin years.
6)Long Term Capital Hedge Fund crisis...No exposure
7)Can't initiate a stock buyback to PROTECT and increase shareholder value because we want to protect biotechs most valuable resource...JUST GAVE OUT A $100,000 BONUS. 2 OFFICERS HAVE BEEN PAID $800,000 since the IMNX settlement.
8)Biotechs are in a slump...IMNX has quadrupled since the settlement with Cistron.
9)Overall market is down...Cistron's share price went nowhere when the market was UP.

There are no excuses left for Cistron's management to use...