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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Dan Berger who wrote (72)11/27/1996 1:30:00 AM
From: Dave O.   of 1172
 
Dan,

It may be that both of the 10K share trades were sells. It seemed as if the bid/ask was 1.50 x 1.56 earlier and after the first 10K trade the bid/ask dropped. The later trade was definitely at the bid price. Right now I think the best thing that could happen to CMTR would be for someone to take them over. I have real concerns about if they can survive. Without any revenues of substance they won't be able to go on indefinitely.

Dave
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