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Non-Tech : Enamelon (ENML) - Does anyone follow this?
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To: drakes353 who wrote (546)4/29/1998 4:38:00 AM
From: Q.  Read Replies (1) of 863
 
Here's a blurb from the 424b3 prospectus:

The Company expects to continue to incur additional
operating losses at least through 1999, principally as a result of expenses of ongoing clinical testing and anticipated marketing and manufacturing expenses associated with the national introduction of Enamelon(TM) toothpaste.

Well, at least that seems to indicate a low risk of a news release announcing that the co. has become profitable.

The 600 k shares being registered amounts to about 10% of the float. They are shares that were privately placed last June, back when the stock was at 15. There are 18 selling sharholders, mostly domestic institutions and individuals.

On a separate note, I see that short interest has reached an all time high of 1.6 M. Go to the following site, and select 12 months of data for ENML: viwes.com
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