SHAMAN PHARMACETICALS - SHMN - U.S. OTC Message Board

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Biotech / Medical : SHAMAN PHARMACETICALS - SHMN - U.S. OTC

SHMN 0.001000

+11.1%

Dec 26 1:54 PM EST

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To: Mark Adams who wrote (28)	5/12/1998 12:04:00 AM
From: Mark Adams	Read Replies (2) of 69

OK- SHMN reported after the close, "loss of $8.5 million, or $0.48 per share" & "Cash and cash equivalents at March 31, 1998 were $14.2 million.". Based on this, I'd say cash is < $1/share. More importantly, their burn rate of $8million/qtr means refinancing will be required within 6 months. Not a problem if good news prior to then bounces the price up. But my guess is people were actively shorting this as the price tried to rise above $5, betting that refinancing would drive the price down during the next quarter. biz.yahoo.com What is surprising is this volume anticipated the earnings release well after the market close. I don't recall a move up on their May 8th Fast Track announcement. Very strange. Can a fast track be completed in three months?

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