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Biotech / Medical : MTEN - expected 1000% revenue increase in 97
MTEN 2.720+6.7%3:56 PM EST

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To: Tom Hofmann who wrote (147)7/14/1997 12:16:00 PM
From: Ron Bower   of 279
 
Tom,

It is interesting. He's being rather obvious in the indicators of higher sales and lower losses. What's the Reg S problem?

I really am looking for an indicator that they can get to making a profit. I have always thought they had a marketable product, but they've gotten so deep in debt and so many restrictions on borrowings that I don't know if they can ever make the stock worth something. Can they sell enough at a decent enough margin? If they can get the demand, they can definitely raise the price. Still not ready to throw good after bad but ready to buy if see right signs.

He's right, they've been buying, but small amounts. Looked like an attempt to influence market thru Insider buys. No REAL money. At these prices, they should be buying back.

Thanx for the info
Ron
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