Sir:
Please inquire on the questions listed below, some of which were part of the valuation
model proposed by Mr. Forthright.
1) What is the total market potential (in units) for synthetic red blood cell products? Market potential in Units.60,000,000 - 180,000,000 / yr
2)What might the product sell for per unit? What is the cost to manufacture per unit? sell price $300-$600. cost to manufacture $30/500mi bag.
3) What kind of market share/penetration (in percent) is SGNC expected to achieve? 10% = $1,800,000,000 first 5 years.
4) When is SGNC's product expected to get to market? market launch 2001.
5) What is the currently available cash and marketable securities balance? $240,000
6) What is the current "burn" rate? $64,000 per month
7) Where might the next financing be acquired, and how might the financing be
structured (debt, equity, convertable preferred)? Negotiating now for Equity.
Thank you for your attention.
jmt |
