LadRx Corp (LADXD)

[PowerPole]

Some DD results on CYTR:

http://www.forbes.com/forbes/2004/0524/182.html

http://www.forbes.com/search/results.jhtml?MT=cytrx+corp.&sort=&aname=&author=&date=....

http://www.hoovers.com/cytrx/--ID__15904--/free-co-factsheet.xhtml?cm_ven=PAID&cm_cat=BUS&cm....

Latest News:
http://www.hoovers.com/cytrx/--ID__15904,Name__CytRx,Ticker__CYTR--/free-co-news-list.xhtml
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Comments from DewDiligence on IHUB:
Listed & Nasdaq / Biotechs / Hot Biotechs (HOTBIO)
Posted by: DewDiligence
In reply to: PowerPole who wrote msg# 2649 Date:1/29/2005 11:45:46 AM
Post #of 2651

Re: CYTR

This article from Forbes provides some background on the company and CEO:

#msg-4073074

You can call the Massachusetts Attorney General’s office for info about the state’s lawsuit against CYTR for attempting to usurp state (U Mass. Medical Center) assets.

Caveat emptor if you decide to go ahead on this one. Regards, Dew
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PROS:
So far we have one analyst setting a 12 month price target of $7.00

They do have a number of interesting things in their pipeline. (That a number of other companies are researching also, and being first to the finish line is all important).

Any FDA fast track approval for Phase II or III will surely be a positive for pps.

The same goes for being acquired by another company.

They have had some good press about their drug Iroxanadine lately.
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CONS:
A CEO that's "Not in it for the money" and whose ethics are in question...(I need further research on his "ethics").

A Nobel Prize winning scientist that one journalist paints as having a wild side...IMO A lot of brilliant people have a wild side...

PR's in Barron's that are "paid for".

Good news one day, news of share dilution the next.

Lawsuits against them by the Massachusetts Attorney General’s office. (I haven't confirmed that yet).

The company has lost $81 million since it's inception (also not confirmed).
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As DewDiligence said "Caveat emptor"--Buyer Beware!

I am not coming to any conclusions yet, my DD is not yet done.
I just thought I'd give you all something to look at until I post my conclusions. Please do your own DD and make a purchase of any stock based on your own conclusions, not by what someone posts on a message board.

Comments anyone?