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Biotech / Medical : A Biotech Bonanza!

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To: Giuseppe Scalamogna who wrote ()	10/30/1997 2:38:00 PM
From: Tim Cruise	of 64

Off topic (sorry Giuseppe), but I can't resist posting on this great thread. The company that I am currently doing my due diligence on is Forbes Meditech (FMI on the Vancouver Exchange). You can get quotes on this stock from CheckFree Investment Services at www.secapl.com, but will find that it is trading in the range of $3 Canadian. The stock has a small float of about 8 million shares, and a correspondingly low market cap. (particularily when it is converted to greenbacks). The Company is in negotiations with a "major food manufacturer" to produce and market it's cholesterol lowering margin. The product is currently in Phase two testing. With $3 million in cash, and another $5 million set to come in when special warrants are exercised ($2.85) and an annual burn rate of $1 million, this is truely an exciting company. There is a separate thread in SI for this company and we would love to hear your comments. Thanks and sorry for the interruption, Tim

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