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Biotech / Medical : Lorus Therapeutics Inc. -- Ignore unavailable to you. Want to Upgrade?


To: MarcG who wrote (233)4/5/1999 1:07:00 AM
From: thewiz  Read Replies (1) | Respond to of 279
 
Marc,
I read over the Lorus and Faulding announcement again and hope you can clarify a point. One point mentioned is that "Virulizin is approved for one indication" in Mexico. What is your interpretation of the above??



To: MarcG who wrote (233)4/5/1999 5:52:00 PM
From: DaveAu  Read Replies (1) | Respond to of 279
 
<<This is a development stage pharma not a major>>

So?

<<This is common practice for all issues>>

Maybe, but I've seen many companies that do release this type of information. IMO, they make better investments.

<<You sound more like a MM caught with his pants down than a supporter of Lorus>>

I'm not a "supporter" of any company. I'm interested in discussing the merits and the shortcomings of this company. If it matters, I am long on this one with a purchase price of 1.10. You can conclude that that is why I sound disgruntled but there is more to it than that. I often average down if I believe a company is good value but I haven't done so on this one and don't plan to unless management does something to convince me they have a viable plan. They get no cigar from me for this news release. They are way down today (on a big up day for Nasdaq) so it looks like I'm not the only one unimpressed with the big news.

BJ