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Biotech / Medical : Biotech for less than a buck.

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To: RWReeves who wrote (576)	6/29/2000 9:10:00 PM
From: RWReeves	of 743

BITI- Somewhat OT..True LTAB... A highly specialized international (US/Europe) CRO-like clinical trials/regulatory service provider. Seems to have a unique niche in a growing area of clinical trials and some strategic barriers to entry. Financials are not the best, slight growth in revs last year got eaten up by increased expenses. Still, I expect clinical image analysis and documentation for regulatory submissions is both an area of significant growth and that this poor little waif could get gobbled up by a bigger CRO. But this is just m.o. Market cap is all of 5 mill (7.5 mill shares x 5/8). Image analysis and electronic submission adds lots of value to regulatory submissions imo. 225 clinical studies they claim in 10 years isn't bad. This one is thinly traded, so LTAB gang, if you do your DD and decide to get some, use limit orders and don't run like a bull through a china shop. Behave for once. I've bought some in the last few weeks and plan to hold for at least 6 months to a year (time horizon I expect general CRO's to recover)but it could take longer. If they strengthen the balance sheet, I'd consider as a keeper LT. Disclosure/Caveat: I do own some. So I am biased. The financials are weaker than I would like to see imo. Its less than a buck. Do I need to say more? Symbol BITI. OTC BB stock. RWR

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