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Biotech / Medical : MTEN - expected 1000% revenue increase in 97
MTEN 1.1700.0%Dec 5 9:30 AM EST

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To: Gene Veinotte who wrote (142)6/13/1997 11:17:00 AM
From: Ron Bower   of 279
 
Gene,

Guess I'm not the only one getting suspicious about the market activity. Be interesting to see how this plays out.

I went back to review financials and it's not good. If everything is considered, I can see as much as 38M share dilution. Their cash position isn't enough to cover short term debt. They are in a do our die position unless they can raise more monies. With the current stock price, a major problem. Anyone they could get would want major restrictions at the expense of the stockholders. I see something happening with MTEN very soon.

He is right about one thing. They have a good product that many companies would like to have. At 20-50 cents....

Ron
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