MTEN - expected 1000% revenue increase in 97 Message Board

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Biotech / Medical : MTEN - expected 1000% revenue increase in 97

MTEN 2.620

+2.8%

1:15 PM EST

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To: Ron Bower who wrote (136)	6/12/1997 1:13:00 PM
From: Tom Hofmann	of 279

Actually, the e-mail that prompted the Stockman response was mine. I conjectured, as on this thread, that the legislative activities were kaput. He is saying they are not. From his response, I also get the feeling he is very worried about the stock price. However, it was bid up on the promise of greater revenues than they now are seeing, and brought back down by some disappointing quarters. And the Streidyne aquisition does make it look better than it is, as you stated. They are burning cash. It was encouraging to me, however, to know they are still moving forward with legislative efforts. So you're right, things aren't anywhere near as rosy as he paints them. But we haven't taken a third strike yet. Maybe not even a second. I'm holding but certainly not buying more, even at these levels.

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