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Biotech / Medical : Biotech Valuation

CRSP 55.15

+2.5%

3:59 PM EST

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To: John Metcalf who wrote (7185)	10/21/2002 4:10:18 PM
From: numbrcrunchr	of 52153

To John Metcalf ~ You have made some very good points regarding CNEX but as far as I can see there are good explanations for these questions.I personally dont think anyone should take things at face value...dont do your homework at your peril I say....This is just one company I happen to think was at the right "space" at the right time (bio warfare technology)...To answer your questions: The asset is an exclusive license and it is fully paid. The patent has been restated and has been refiled - UC expects that it will issue. The research plan that Los Alamos has submitted to Centrex will be disclosed when all parties to the agreement finalize terms. No company research personnel are needed since all work for the next year will be at Los Alamos. Have no clue about an acupuncture clinic. $600,000 is accrued so that the company can be compared to similar companies...ala SEC The company leases offices from the owner For more information about this "bag of wishes" see research at www.investrend.com If there is some other things that you may know that I do not, I would appreciate it if you would let me know Regards N

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