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


To: Dr. John M. de Castro who wrote (1762)12/2/1998 3:00:00 PM
From: Steve Harmon  Read Replies (1) | Respond to of 2742
 
Cist's cash and cash receivables per share has gone up factoring in the guaranteed part of the PMC payments.

CISTRON now has 58 cents a share in cash and cash receivables.



To: Dr. John M. de Castro who wrote (1762)12/2/1998 8:54:00 PM
From: Steve Harmon  Read Replies (1) | Respond to of 2742
 
Medimmune and Pasteur Merieux Connaught in a licensing deal similiar to Cist's.

MEDI's market value increased $35 million on the news today.

With all of Cistron's investment bankers on hand>>> Why is CIST's total market value only $6 million?



To: Dr. John M. de Castro who wrote (1762)12/3/1998 11:58:00 AM
From: Walter Morton  Read Replies (3) | Respond to of 2742
 
I don't think it is a none issue. I did not know that CIST bought back 4 million shares. Was there a news release about the 4 million share buy back? I don't think so! Were they afraid investors might take that to be a sign of confidence in the future and buy more shares at a hire price? Why would they not have a press release about buying back 15% of their shares?

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