Cistron Biotechnology(CIST)$.30 Message Board

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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: Laertes Manuelidis who wrote (416)	2/15/1997 6:06:00 PM
From: John Chylek	of 2742

Layman, or anyone, help me out. The $.42p/share is cash, not earnings, and thus the standard PE formulas do not apply; that is, if CIST had a PE of 10 @ $.42 its value would be $4.20. What do you estimate the burn rate of this cash will be? Also, would it be true to say that if the future earnings p/qtr equal the cash burn p/qrtr that the value would indeed be $4.20 (PE 10)? Any thoughts on how they will distribute the cast between R&D, marketing, etc. Hopefully, that kind of info will be in PR piece next week. CIST now has an asset base of $12M...that's alot of bunson burners. I'm starting to think long term on this stock. John

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