CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Leman who wrote (635)	4/15/1997 9:44:00 PM
From: Art Baer	of 1172

What do you mean no one was happy with the numbers? I think they are great. The one and only thing I was looking for is how much cash they used. At the end of the fourth quarter they had about 4.6 million in cash and short term investments and at the end of the first quarter they had about 4.1 million in cash and short term investments. They are on a burn rate of 500,000. They have 2 years left at this pace. I sincerely believe and hope that they will receive approval of the HIV within this time period. Ah... You say how will they be able to market their test if they get it approved and they only have 3 million left. With approval of the test it will open so many new doors. A buyout by Johnson and Johnson who lost their test would not be out of the question. J & J spent millions trying to get the rights to their test back. They could buy a solid company for what is a drop in the bucket for them. Leman. that is what i wait for. Not an Irish horse that make promises and doesn't follow them. I respect TRIBY but I choose not to invest because I want to profit NOW and in the NEAR future. There are bulls and bears in the market. Winners and Losers. Me and you. may I wish you the best of luck with all your endeavors. Sincerely yours, Art

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