CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Terrence Von Holidae who wrote (616)	4/8/1997 1:30:00 PM
From: Art Baer	of 1172

<Chemtrak is simply complying with accepted accounting practices in this instance of restatement to earnings> One thing I have noticed over the past few weeks is that other companies who have had convertible debts that could be converted at a discount to the market also restated their earnings. One is Pinnalce Micro (PNCL) I think that the SEC must have contacted a batch of companies. It really does not matter because CMTR still has same amount of cash and I think that the effects reverse themselves once the debts are converted. Art

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