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Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH)

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To: aliveinsf who wrote (148)5/15/1998 3:20:00 PM
From: Louis Riley  Read Replies (1) of 371
 
FPAM's woes are holding the stock back.

FPAM is in serious trouble. A story on the Dow tape @ 13:25 said they only have enough cash to last till the end of Q2. The company is trying to raise money from payors. Good luck. They certainly can't do a debt or equity offering.

FPAM could be terminal - or at least going to a $1. Their only hope is to be acquired - quickly. Question is, will it be a takeunder?

Anyway, FPAM's troubles are keeping a lid on ADVH today. ADVH pulled back sharply from $15 1/4 when the FPAM story hit the tape. Tough day to own the PPM stocks.

Oh well, ADVH has $43 million million in cash and a business model that cooks. FPAM's troubles underscore ADVH's strengths. Perhaps the FPAM implosion is the fundamental bottom-defining event for the group.
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