GUMM - Eliminate the Common Cold Message Board

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Biotech / Medical : GUMM - Eliminate the Common Cold

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To: Helios who wrote (2412)	3/28/2000 5:42:00 PM
From: Mike M	Read Replies (2) of 5582

In their income statements I see ballooning receivables without an increase in sales, increasing interest expenses (the creditors may end up owning this company before it makes a dime), and a cash burn rate of about a million a quarter, it should be gone by early year if they can't make some money. That is the problem of analyzing with historical data. There are no creditors. There is no cash burn since 3d qtr 99. $5M in the bank and another $3M at Gel Tech(60% owned by GUMM).... Sales this quarter will probably result in break even bottom line and positive cash flow. A product launch with a very large consumer staples company is anticipated next quarter. Until you ask the CEO why he sold some of his shares you are shooting in the dark on that count. You can follow Hank's advice if you want but how would you know in which asylum to look for him when you want to kick his silly butt after the short goes sour?

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