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Microcap & Penny Stocks : Pharmos(PARS)
PARS 2.700+13.6%Jan 21 4:00 PM EST
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To: Zvi Steinberg who wrote (897)6/12/1998 9:03:00 AM
From: NeuroInvestment  Read Replies (1) of 1491
 
Nice summary. The one element that was omitted, which slows the progress towards eliminating cash burn (since burn rate is not the level of expenditure, but the rate at which cash reserves are depleted by those expenditures)is the repayment of the BOL $5 million advance. Until that is repaid, Pharmos only receives 61% of what would have been forthcoming from BOL (the other 39% repaying the advance). NeuroInvestment (www.neuroinv.com)
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