GlycoGenesys GLGS (formerly SafeScience SAFS)

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Biotech / Medical GlycoGenesys GLGS (formerly SafeScience SAFS)

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To: zeta1961 who wrote (52)	2/4/2006 1:34:04 AM
From: tuck	of 56

>>Ouch!..the first BTK Chapter 11 I've witnessed..What do you think Tuck<< I think I'm unhappy. I misguaged their chances of adding enough value to get a partner. I probably should have sold when I realized the trials were so slow. But I thought "How much lower can it go?" Arrrggh. This is in my Mom's portfolio, not mine. Not a big position, but a couple of K of hurt. OTOH she also owns ACAD, and might have gotten it even cheaper than Rick. So things are actually OK with her portfolio, on balance. Throw this in the stupid mistake folder, along with CTIC (can't believe their treating Pixantrone so poorly, sheesh; I think I once quipped that Bianco doesn't need a jet, but sure needed his security guards because an enraged shareholder might try to take him out without his golden parachute). Cheers, Tuck

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To: tuck who wrote (53)	2/4/2006 2:05:37 AM
From: zeta1961	of 56

Tuck, I'm sorry but I'm glad she has ACAD..yup, CTIC still looms large in my humility reminder memories.. Perhaps it's denial that the GLGS folk could really let it get this bad but I think there may be something to salvage here.. I apologize in advance as you've witnessed these before and I haven't..but is it possible to do a reverse merger like VI technologies did to create PANC?..or are the situations so different?.. So, are you rooting for your new home team this w/e? Hope you and your bride are enjoying your new surroundings.! Elisabeth.. PS..doing patent look-see's and found Fisher's patent of PEG 3 promoter..remember discussing who has it on the INGN thread?..it looks like he got the original patent in 2000 and was assigned to Columbia..I lost the dang thing as I was coming to SI<argh, I'll post it when I have another free minute>

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To: zeta1961 who wrote (54)	2/4/2006 8:13:21 AM
From: rkrw	of 56

VI was never bankrupt and they had an inside track on Panacos, the VI ceo was also the ceo of panacos, so the companies knew each other well :-) I wonder how much all that fighting with Pro Pharma played a role in this? Certainly made it more difficult to get funding with that overhang. And a shame to have spent so much $ on lawyers not r&d.

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To: rkrw who wrote (55)	2/5/2006 3:06:25 AM
From: zeta1961	of 56

Rkrw..that answers my question re: are the situations very different!-g-...seriously..thanks OK..I think I'm in denial that a Bahstohn biotech would be so silly as to spend all this investor dough on attorny fees when they knew it was a losing battle..esp. since the former CEO did indeed have patents!..I'm curious that the GLGS CEO left but the CFO has stayed.. I suppose that there are plenty of solid biotechs out there that are more worth my time for DD than this little pup!..I will keep an eye though to learn in real time how this gets handled.. Go Seattle SeaHawks! Elisabeth

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