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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: Damon Pham who wrote (697)10/7/1998 8:41:00 AM
From: Marty Lee  Read Replies (1) of 849
 
Match with Lab Corp sounds great but..

I believe that Matritech is being run more like a lab clinic than a public company. Matritech maintains and develops a costly portfolio of NMP solutions. Their development alone cost millions. Selling, general and administrative costs continue to outstrip revenue. What revenue the company makes does not translate into returns for investors as most of it's funneled back to the lab to further R&D for the clinics next miracle cure. In short, the company went Public to use "investor's" money in the same way MIT (the institutional inspiration and inventor of NMP technology) uses public funds from taxpayers.. Matritech will continue to be a "non-profit" organization focusing on "research" rather than returns while it uses investors money like a grant from the government.

Any thought to the contrary?
Marty
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