MultiCell Technologies, Inc. Message Board

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Biotech / Medical : MultiCell Technologies, Inc.

MCET 0.000001000

-90.0%

Jun 6 1:41 PM EDT

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To: Shawn Donahue who wrote (168)	7/25/2006 5:41:41 PM
From: EACarl	of 237

RE "10.5 million warrants to purchase common stock" OUCH!!!!! It just keeps getting worse. about 30% dilution for about 4 months of cash burn - sheesh. At that rate you get diluted into oblivion in about a little over a year! The phase III trial of their "2nd hand" drug they say they want to do will take $tens of millions so they can't even do that, and that's the "good" news. Well the insiders will still keep getting paid, since there's not enough cash to accomplish the phase III - another one of MCET (formerly MUCL) (formerly EXTI) happy little coincidences. Other recent company statements include............. "Working capital (deficiency) $ (596,453 )" "we do not believe that our existing funds and existing sources of funds (royalties and grant income) are sufficient to allow the Company to continue as a going concern through November 30, 2006." " We do not currently have sufficient financial resources to fund our operations or those of our subsidiaries." Put a fork in this one already Mr. Donahue. And thank you for shedding more light on the crippling circumstances this little fly-by-night is saddled with.

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