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Biotech / Medical : Biotech for less than cash value
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To: rkrw who wrote (79)7/9/2002 11:11:22 AM
From: rkrw   of 684
 
Good quote from AMEV's CFO in a very recent twst.com interview:

"But for a company of our size with our resources we started off this year with a little more than $80 million in cash and short-term investments. And in the current capital environment, of at least the first half of 2002, **cash is not a commodity; it's a strategic asset.** So we would want to be able to modulate our burn rate in a way that's appropriate."
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