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 (787)	6/11/1997 3:39:00 PM
From: William Presti	of 1172

The degree of dilution you are predicting is highly unlikely. First of all you are assuming that 70,000 shares will be sold. The 70,000 is the max they are offering. Plus, if CMTR gets the green light for Hp Chek from Astra Merck, and the FDA gets off their duff and finishes processing the approval for AWARE, then the share price at time of conversion will probably be more favorable than it is now. So, my expectation is that this particular move to raise additional capital might add another 2 - 4 million shares in the long run at most. Bill p.s. Is anyone as impressed as I that Gruntal is handling the offering? To me that is one great firm for CMTR to be doing business with. If they have confidence in Chemtrak... Hmmm.

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