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Biotech / Medical : MEHL/BIOPHILE INT. CORP.

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To: john view who wrote (44)3/1/1998 3:53:00 PM
From: victor buono  Read Replies (1) of 53
 
John, yeah I head about that- it should be interesting to see if anything really comes of it this week. It surely will be quite some time before MEHL really begins to turn a profit. Especially based on the current amount of debt that they have. That revolving credit line funded by clearwater looks nice- but I wonder if it just will be another monkey on their backs. Funny thing how we heard about that Medcap agreement- where they claimed to have arranged for 50 mil worth of financing for Mehl. We haven't heard jack about that since. The Co seems so willing to release information- but it appears, at least from this end, that they are not acting on it. I asked my broker about the possibility of delisting- he claimed to not have known alot about it (what am I paying him for?!?) and it really depends on the company and their financials. I appreciate you looking into this- thanks!
Victor
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