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Biotech / Medical : CMTR-CHEMTRAK FDA OK
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To: Art Baer who wrote (622)4/8/1997 11:47:00 PM
From: Rocketman   of 1172
 
Now Art, "BURN" is the correct term, but CMTR being survivalists, specialize in the slow burn. They've state somewhere that they plan to raise capital in '97, but don't specify the means. How and when they do that should be left to market conditions, and not predetermined at this time. Myself, I would like to see what the revenue situation and changes in burn are like before I see a commitment on their part to the additional capital. It isn't like this is exactly a good month to be raising money, things are still too tight. After they have some sales they will be able to make much better revenue and expense predictions. At this point they are probably all guessing as much as we are. Plus, if they think the share price will be increasing over the next couple of years, they would do better to do a series of small capital rounds at increasing prices than one big huge diluting round too early when they don't need the cash yet.

Dave
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