CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: William Presti who wrote (933)	10/15/1997 12:30:00 AM
From: Bob Frey	of 1172

The "Bird in the Hand" thing got me today as I sold all my CMTR for a 47% Profit. I look Forward to getting back in at about 3/4. The Home Drug test kit has a suggested retail of $ 49.95. CVS will be selling for about $ 44.95. CVS suggested they will have the kit in all their stores buy the end of the year. I do not look forward to a very positive reporting from CMTR for this or the next quarter. As far as the A/M deal goes I would think if there was a lot of money in the product A/M would have never canceled the deal. The stock seems to have been run up on hype and down on profit taking. It also seems there are more profits that could be taken from here. Long term the company may have a chance with the drug kit but it will take a great marketing effort to sell the kit when you can go to a local lab and get a drug test done for about $ 30.00. There has been no mention of a offering of shares to raise more funds for the marketing efforts but I bet it won't be long before we here about one. The other thing that I was thinking is that with the new rules at NASDAQ a rev split may be needed if the stock does not stay above a buck. Good Luck To Ya!

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