Cell Therapeutics (CTIC) Message Board

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Biotech / Medical : Cell Therapeutics (CTIC)

CTIC 9.090

0.0%

Jun 26 5:00 PM EST

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To: WHL who wrote (24)	3/27/1998 4:24:00 PM
From: dipper	Read Replies (1) of 946

In factoring the cash position, you must also subtract the cash burned this quarter.(ending 3/31/98). The math: 74 million in cash (includes the $2.9 milliom) receivable on the books as of years end) less roughly $7 million in cash burned (8.1 million estimate for Q1, plus roughly $1 million in deprciation is the calculation) equals $67 million in cash divided by 14.8 million shares = roughly $4.52 per share in cash. Never, have I seen a bio-tech trade below cash. With the completely unexpected news of no endpoints reached, this is what, I believe, oversold the stock to below cash. Also, take note of all the insider buys in the past 45 days. This dog will bounce soon, the only question left is how high? Any opinions out there?

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