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Biotech / Medical : Biotech & Pharma.T.A,
BIB 82.35-4.5%Jan 8 4:00 PM EST

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To: cavan who wrote (215)1/16/2003 4:04:15 PM
From: Jibacoa   of 3722
 
CYTR Yes, the stock is up 38% today on volume of 155,300

It needs to have some good news,since at their present burn rate they don't seem to have enough money for another Q without some sort of new financing or other help.<g>

Early last month they announced that they had retained Rip Grossman and Assoc., a health care consulting firm based in KC, MO as a consultant to assist CYTR in "identifying potential out-licensing of technology, mergers and acquisitions as well as strategic alliances".<g>

The stock has been selling around 0.53 of book and 0.67 of sales. Insiders reportedly hold around 25%.

The stock traded for a while today above its Oct.,Nov.,Dec.& Jan. Hs. It needs to close above its Sept.11 H of $0.50 <g>

siliconinvestor.com

Bernard
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