HELIX BIOPHARMA (HBP:TSE) Message Board

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Biotech / Medical : HELIX BIOPHARMA (HBP:TSE)

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To: trustmanic who wrote (10)	4/1/1997 1:01:00 PM
From: burner	of 193

Welcome aboard--It's good to have a "fan"! I don't know if you can characterize Helix as a true biotech with a burn rate as they are revenue producing with cash flow. Their DNA lab is making money and their relationship wisth Bausch & Lomb also generates revenue as well as their lab products and diagnostic kits. I believe we will see positive results within 6 months as some of the extraordinary expenses for licencing and initial marketing will be done with. The company once believed they would generate 12 M in fiscal 97 but the Health Protection Branch delays may affect those targets. The company has about 5 and a half million from their last financing and will not go to the well until the share price is up considerably and more products and technologies are acquired. There is a lot of support around $1.10 so this could be an entry level for you. Call the company and ask to speak to IR and also Terry Owen. Good people who are running a good show. Good luck and don't forget to check out their website. Dan

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