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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: Bucky Katt who wrote (15407)11/12/2003 1:15:11 PM
From: CusterInvestor  Read Replies (2) of 48461
 
BIO TURD Q out:

We are currently consuming cash to fund our operations and the research and
development of our nucleic acid diagnostic technologies. The prepayment of the
Trinity notes pursuant to the Settlement Agreement, combined with existing
research and development grants, provides us the liquidity to sustain our
operations through at least the next 9 months. It does not, however, give us the
capital required to commercialize our SCIP diagnostic platform. To address these
capital pressures, we have undertaken steps to significantly reduce our
operating costs, and have retained an investment banker to pursue strategic
alternatives. These alternatives could include a financing, a co-development
arrangement, the license of our technologies, or the sale of the Company or its
assets. There can be no guarantee that these activities will be successful.
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