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Biotech / Medical : Guilford (GLFD) - Steadily Rising -- Ignore unavailable to you. Want to Upgrade?


To: Juli who wrote (253)11/20/1998 11:17:00 AM
From: Steve  Read Replies (1) | Respond to of 496
 
Anybody still holding onto GLFD. What will it take for this stock to get moving? Does Dr. Smith have anything surprises up his sleeve?

I wish he would try to sell the Company. I hope he understands that if your stock doesn't move up in a bull market, it is definitely not going to move up in a bear market. I have held on to this stock for over two years and I am losing money. Does he not understand that given there are a limited number of investors interested in a stock like this that if he burns current investors it is going to be difficult to find replacement investors. How does he think he'll ever raise money again. If you read the third quarter 10-Q, they said that their cash will last only 2 years. Now that he is the buyer of last resort of GLFD I presume that cash will get eaten-up faster.

I really hope he has some concern as to where the stock price sits. It is pathetic. He must exercise some foresight and sell the company. I'll take $18 per share in some other pharmaceutical stock that has better upside potential then GLFD. GLFD seems to be dead in the water.