To: Osothebear_517 who wrote (7721 ) 3/13/1999 2:37:00 PM From: drakes353 Read Replies (1) | Respond to
Oso:Your resistance levels won't mean a damn thing one of these days when the words Trading Halted are posted with regard to ABTX. You managed to get through this current crisis by virtue of the confluence of a number of incidents which will not repeat themselves and without which, there would already be an equity partner at the minimum and a new owner in all probability. By your own posts, you admitted that you were fully covered at approximately the 16 level. You didn't do this as a display of your confidence in your own demented strategy, you did it as a result of your understandable fear that JT had actually called his shot and pulled off a deal. Unfortunately, the date that JT chose as his target date was within the 6 month period for insiders to realize their profit on their own stock purchases. These parties were integral to ABTX's future and could not be lost to the company or its franchise value would in fact be irreparably damaged. The lack of integration at that time speaks to the fact that JT is a splendid negotiator of acquisitions and has significant foresight as to the needs of the company as is proven by the r/d alliances which he has struck and the world class personnel whom he brought on board. Unfortunately, once his baby had been delivered, he wasn't as willing to sign the adoption papers as he thought he was going to be during the pregnancy. He has been punished harshly for this failing and most unfortunately, so have the legions of shareholders who followed his dream. That dream is now over, the company is in the strong hands of individuals who are businessmen and are devoted to the ultimate super-enhancement of stockholder value, including their own. You have stated that there will never be a short squeeze in this stock. You are probably right from a technical standpoint since there are just too many shares of stock out there to get a stampede effect. The DD/PHB dealings were significant to ABTX. I found it most interesting yesterday to watch and compare the trading of ABTX and PHB With its R/D tools (especially Hybrigene), ABTX is significant to other seed producers in other sectors. DD will have to turn to licensing agreements with ABTX to realize the benefit of this process if they don't partner with us or buy us out. They are basically starting their life sciences department from ground zero. They are ABTX 3 years ago with the single exception that they have fat wallet with which to work. They are not going to pass up this accumulation of distribution, R/D and market position in a burgeoning The dealings we watched yesterday were the first volley across the bow in the next battle of ABTX. There will be many other suitors back at the door once they realize that DD may well be still sending flowers and candy to Henderson. You may in fact pull off one more short raid, but it won't be as deep or as damaging.
