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


To: Rudy Saucillo who wrote (1492)10/20/1998 9:28:00 AM
From: Dr. John M. de Castro  Read Replies (3) | Respond to of 2742
 
Making each other rich is the basis for a good working relationship. IMHO Bluestone was paid an outrageous fee for their services. I especially object to the percentage of the business going forward.

"7% of the equity and research payments ($133,000 in aggregate fees) to BlueStone should the Company execute definitive agreements with PMC as BlueStone assisted Cistron by introducing the parties. Cistron also would be obligated to pay BlueStone 7% of any license fees or milestone payments PMC may make to Cistron should PMC enter into definitive agreements and exercise its option under such." (Source CIST 10K)

I suspect that Genome securities will now get their due. When will stockholders get theirs?

John de C



To: Rudy Saucillo who wrote (1492)10/20/1998 10:10:00 AM
From: Walter Morton  Respond to of 2742
 
Darn, the stock is going up. I thought I would be able to get some more at $.15 before the announcement.