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Microcap & Penny Stocks : Sparta Pharmaceutical (SPTA)
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To: Paul Tran who wrote (4)10/19/1997 5:16:00 PM
From: Philip H. Lee   of 22
 
Paul,

While SPTA may appear cheap on a cash per outstanding share basis, you might want to consider that cash has been declining by a rate of about $1.2 million per quarter. Also, there's convertible Series B preferred stock and Class C warrants oustanding.

See: techstocks.com

Philip
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