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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: jeeza who wrote (566)3/31/1997 7:01:00 PM
From: Rocketman   of 1172
 
Since I live about 5 miles from ChemTrak, I will most likely go to the annual meeting unless I have a serious scheduling conflict (very unlikely). I hope to meet more of you there. I agree nice stability while the world falls to pieces around them. This is a very good sign.

Ed Covell must be feeling the pressure, he has got to be really busy and Aileen leaving couldn't have helped. Investors really can be a royal pain in the ass and detrimental to the progress of a small company, especially when you are running in a lean survival mode. It's good that Ed is defending his time. Answering our questions, while making us feel good, really is not what this company is all about, getting the products developed and out the door is. If Ed takes care of and grows the business, the stock price and investors will take care of themselves.

By the way, it seems that I know CMTR's patent attorney. He's the father of my daughter's best friend, I happened to mention that I was in the stock to him and he told me that he is doing their work, but that he of course couldn't tell me anything about it. I can certainly respect that. He knows Singh from their Syntex days together. I do however find it encouraging that they are using a patent attorney as it bodes well for future product development. I advised him to try and get a portion of his fee in stock rather than cash, he didn't seem too informed about their product launch and revenue potential positions, until I got done with him of course.

Hang in there all, things will get good yet...

Dave
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