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.

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

To: Larry Newhook who wrote (243)	4/5/1999 7:59:00 PM
From: DaveAu	Respond to of 279

<<This begs the question: Why then did you buy in at $1.10?>> Larry, Here is one of things that made me buy: newswire.ca Note the date on it (October 21, 1997). One excerpt: "Imutec Pharma also reported that it anticipates signing a marketing agreement with a pharmaceutical partner for the distribution of Virulizin(R) in Mexico before the end of the year." Maybe I shouldn't have assumed they meant the current year. I know these deals can take time but its 18 months since approval and Lorus hasn't earned a penny. They have very limited cash. It would be a very important event if they receive a sizable up-front payment on this latest deal but right now I have to assume they didn't. Regards BJ