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Biotech / Medical : Biotech for less than cash value

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From: DewDiligence_on_SI10/23/2008 8:02:01 AM
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NTMD sells BiDil to private company for $25M cash:

biz.yahoo.com

After the sale, NTMD will essentially be a shell company with $40-45M in cash and no debt. The fully-diluted market cap at yesterday’s closing price of 0.25 was less than $15M.
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