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Biotech / Medical : Nuvelo (Nasdaq: NUVO)

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To: AnnieO who wrote (150)2/23/2000 9:37:00 PM
From: SemiBull   of 286
 
Annie,

Re: "I really am concerned about HYSQ having enough money to see this lawsuit through."

Yahoo's profile of HYSQ (http://biz.yahoo.com/p/h/hysq.html) states they have a total of $32.7M is cash. Given my experience with patent litigation, I would not be overly concerned about having enough money to see this lawsuit through. A total out the door, end to end, ball park figure of say $4M comes to mind spread out over the course of the litigation - which means some already spent, and other dollars parcelled out over the course of the next year or so. I have a general familiarity with the CEO who used to practice patent law with a well regarded law firm in Chicago. With this as a backdrop and the addition of HYSQ's new Chairman, I suspect that raising cash or an alternative arrangement - contingency for example - may very easily be formulated.
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