HMSC- A simple breast cancer screening device Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : HMSC- A simple breast cancer screening device

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Geigartt who wrote (210)	5/25/1998 11:37:00 AM
From: Q.	of 246

Geigartt: I think Scantek accepted warrants because they want their customer to have a chance of succeeding before it runs out of cash. It's just a gamble for them. It should at last another two quarters before HMSC runns out of cash -- working capital was $4.9 million at March 31, 1998, and cash burn from operations was about $2.1 M in the last quarter. Paying debts with warrants is a pretty seedy thing to do, more typical of nearly-bankrupt bulletin-board stocks than it is of Nasdaq-listed stocks. I have no position in the stock now, and I won't short it again unless the stock goes back up.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next