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Biotech / Medical : Techniclone (TCLN)
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To: shero who wrote (879)12/17/1997 11:00:00 PM
From: Jim Baker  Read Replies (2) of 3702
 
Dave Belz -- You asked where Shero gets his information. I think Shero admitted a few days ago that he hasn't talked to Lon Stone for many years, and that he and Lon are not on good terms. In short, Shero is not much of a source of information.

Also, I think Shero has forgotten that there are burn rates and there are burn rates. It is quite possible that management talked about a $700k burn rate at the annual meeting, and this was in reference to an operating burn rate (ie: the amount of money spent each month to run the company). This is a base number, to which you have to add unique spending on specific, non-recurring projects.

Add the non-recurring burn to the operating burn and maybe you get to the $1.2 million number.

So, we have a frustrated shareholder who wants to sue a management that he never talks to for misleading him with two different numbers that he is rather confused about.

These chat rooms can be so pathetic.
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