CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Art Baer who wrote (658)	4/18/1997 1:08:00 PM
From: William Presti	of 1172

Ouch! $1200? I'd rather spend that on additional shares of CMTR. Just a thought, but if you read back over 10-k reports, etc. you will find that the company is working on future tests in the category of infectious diseases. Any guesses as to what they might be working on? How about a test for TB? Hope so. There is a huge global market rapid TB testing. I'd ask Ed C, but I don't think he could tell us even if they were. About the company's burn rate. What has been burned is burned. It's history and probably no longer a good indication of future burn rates. Whatever it was in the past, .5 mill a quarter or month, was before sales of Cholestrak picked up, before ColoCARE was intoduced and before Astra Merck started taking shipments of Hp Chek (which I think they have or are about to). So, who knows what the burn rate of this and future quarters will be? Bet it's a slow burn or better yet...let's look for a no burn. Jeeza, don't forget to bring your matches to the launch pad! Bill

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