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Biotech / Medical : ABAX --- lots of upside
ABAX 83.000.0%Aug 1 5:00 PM EST

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To: David Bogdanoff who wrote (348)10/23/1997 6:49:00 PM
From: burner  Read Replies (1) of 492
 
David,
Spoke with Clint Severson, CEO, today. He is optimistic and very pleased with this the 5th connsecutive positive revenue report. They are working on electrolytes and optimizing their development so far. There will be no financing necessary as they have *.5 million cash. The waive status is not a priority right now and will be simple in nature to obtain when necessary. They do not seem to interested in maintaining a website, probably due to concdetrating efforts elsewhere.
The timing with the serious market correction today was unfortunate, IMHO. BTW, the company employs 71 employees now which is up from a year or so ago and the sales have increased from 1 to >3 million since Mr. Severson took over. This company really could use some promotion and/or analyst coverage.
Regards to all,
Dan Byrne
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