Biotech Values

[Richter718]

My first stock trade ever was in Exegenics, a complete loser of a company, but it was trading below cash at the time and I heard a rumour that it would be the subject of a takeover attempt, I bought it for something like .40 and sold it for .62 then again at .70 or something. All the while they never had a clue as to what they were doing. But cash is cash, and I don't think anyone ever lost money buying below cash.