Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (7016)	1/16/1999 11:55:00 AM
From: Metacomet	Respond to of 8359

Another casualty of the "class action" suit was this timely and important announcement. The pesticide tolerant traits will soon be available to producers. AgriBioTech, Inc. and Forage Genetics Announce Roundup Ready Alfalfa and Potato Leafhopper Agreement January 15, 1999 7:47 AM EST WEST SALEM, Wisc. and HENDERSON, Nev.--(BUSINESS WIRE)--Jan. 15, 1999--AgriBioTech, Inc. ("ABT") (Nasdaq National Market: ABTX) and Forage Genetics, Inc. announced today that Forage Genetics will be developing new Roundup Ready alfalfa varieties to be marketed by ABT. These new varieties will allow producers to apply Roundup Ultra over their alfalfa fields for enhanced weed control. "Our customers will be among the first with access to this exciting new technology," said Dr. Tom Rice, Vice President, Director of Research for ABT. "Combining the Roundup Ready trait with the high yield, improved forage quality, and multiple pest resistance traits of our ABT alfalfa varieties promises the potential for increased profitability for our customers." "We are pleased to be working with ABT in developing Roundup Ready alfalfa varieties for their product line," said Dr. Mark McCaslin, President of Forage Genetics. "This kind of product development agreement allows improved alfalfa varieties to be introduced to the marketplace as efficiently and rapidly as possible." In addition, ABT and Forage Genetics have agreed to work together to develop, evaluate and release new ABT varieties with resistance to potato leafhopper. The companies expect these future products to provide competitive agronomic performance and high resistance to this economically significant alfalfa pest. Forage Genetics announced earlier this year a global agreement with Monsanto Company to develop alfalfa germplasm with Monsanto's Roundup Ready and other gene improvement technologies. At that time the companies said their goal was to make the technology as widely available as possible to growers through licensing agreements with seed companies offering commercial alfalfa varieties. Forage Genetics, a wholly owned subsidiary of Research Seeds, Inc. of St. Joseph, Missouri, is an industry leader in the research, development and marketing of value-added alfalfa technologies. Research Seeds is recognized as a worldwide leader in the development, production and marketing of proprietary forage and turf seed. AgriBioTech, Inc. is a fully integrated full service seed company specializing in the forage and turfgrass seed sector, complete with research and development of proprietary seed varieties, seed processing plants, and a national and international distribution and sales network. ABT has completed 33 acquisitions since January 1, 1995, and is the largest forage and cool season turfgrass seed company in the world, with a current level of annualized net sales of approximately $455 million, including the previously announced pending acquisitions of Moore Seed Processors, and Production+, which have annualized net sales aggregating approximately $15 million. Forward-looking statements are subject to several risk factors that could cause actual results to differ from projections. Among these factors are the company's relative product performance and competitive market position, weather conditions, commodity prices, trade policies, market conditions, and intellectual property matters. © Business Wire. All rights reserved.

To: The Ox who wrote (7016)	1/16/1999 12:09:00 PM
From: Vegas Kate	Respond to of 8359

Sorry, I did not mean to imply you're a panicker. Just planting ideas, for the benefit of the thread, regarding an alternative way to take advantage of price swings. Put-selling is, IMO, one of the easiest and least risky approaches to making $ on Wall St. I am in agreement with you regarding taking $ off of the table when uncertainty rises, with most of my other positions, but I have made an exception to my usual rules for ABTX. This may be foolish, but it is based on the favorable impression I have after meeting and talking with the executives running this company. Women's intuition (?!). It also helps that I can drive to the company office in 5 minutes time, so I may have gotten some (false?) sense of 'ownership' as a result. It may turn out to be quite naive, but I definitely trust these guys to follow through and do what is best for the shareholders. Best wishes for successful investing, Mr. Happel.