CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: warren kaplan who wrote (621)	4/8/1997 5:49:00 PM
From: Art Baer	of 1172

Warren---- Burned is such a strong word. They have used a portion of them. We will know for sure when the first Q numbers come out. however, at the end of the year they had 4.9 million in working capitol. They are on a burn rate of about 1.35 million a quarter, which means, since revenues will pick up due to H. Pylori and Colocare, they have at least another year with present cash. They might want some money, but I don't think they are "scrambling" yet. I truly hope they issue some convrtible debts. Would help out the company and wouldn't hurt us too bad. In the long run it would help and could actually push the stock higher when people realize that "big money" believes in the company. Art

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