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Telik Inc. Message Board

  • bioinvestor123 bioinvestor123 Dec 28, 2012 10:13 AM Flag

    Profound Risk Here-Real Company Information

    Ignoring the SPAM of of the multi-identity guy selling silly reports, here are some facts based in reality:

    Personnel have gone from 140+ to about 20.
    Amongst the people who left were the CFO and the Product Development Guy.
    Many of their best scientists and employees have gone elsewhere.
    Before I relocated out-of-state, Telik's facilty/parking was a wasteland.
    No insiders buying...Institutions selling
    Telik has history of "selective disclosure" to investors and FDA so you can't trust their "announcements" to be truthful.
    Upper management pays themselves like they are managing a company with 2000+ employees.
    Telik had failed Diabetes program in 1997.
    Telik had failed TLK 296 (Telcyta) program in 2006
    Telik's TLK 199 (Telintra) was a secondary, not too important program until Telcyta bombed.
    Telik is not a biotech startup-they have been trying since 1986 to develop something. No success yet.
    Google Icahn's worst stock picks and see Telik there. He sold all his holdings.
    Chief Medical Officer is wife of CEO--normally not a very good idea.
    In the early days, Telik (AKA Terrapin) had a Molecular Recognition Library (TRAP) that looked like it had a lot of potental. It was not sought after and did not make any money.

    Ask yourself, why would the VP of Product Development be laid off if they were on the cusp of success?

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TELK
1.03-0.07(-6.36%)Jul 29 3:56 PMEDT

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