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Biotech / Medical : Biotransplant(BTRN)
BTRN 35.59-0.9%Oct 30 5:00 PM EST
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To: jayhawk969 who wrote (1402)10/25/2002 7:24:25 AM
From: Arthur Radley   of 1475
 
J.D.,
I don't know about your $15M cash number. Maybe with total assets they might reach this number but as for cash you might be a little high based on last report and surely the burn rate for the current Q.

IMO, the best thing going forward is to merely take the best offer that might be submitted for their viable pieces of the company. There is the Novartis partnership that must be worth something. Surely the net worth is north of the current total valuation.

So much promise, to go down the drain!
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