Procept (PRCT): 50% rise on high volume. Why? Message Board

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Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?

PRCT 31.91

+2.0%

3:59 PM EST

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To: Daniel Shaffer who wrote (284)	11/10/1997 8:23:00 AM
From: Douglas	Read Replies (2) of 455

Daniel, Procept was able to lower their burn rate after they reorganized in 1996. They were trying to get a burn rate of $5,000,000 per year. 3rd quarter results should be out soon. It will give us a better picture of their cash situation (should have enough cash to last to the end of the year). This quarter will include some costs for employee layoffs, which will have a positive effect next year. I expect Procept to sell some preferred stock this month. I had a previous posting on Procept's burn rate-I'll try to find you the number of my message. Doug.

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