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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: Marty Lee who wrote (701)10/14/1998 6:59:00 PM
From: Damon Pham  Read Replies (1) of 849
 
Marty,

The main reason companies go public is to fund further growth and bring products to market. At least in principle. This company isn't at all unlike other biotech companies which lose money year after year and having almost no revenue to speak of (much less in sight of profits). I have said for a long time the management is more research oriented than marketing oriented. That needs to change because the market now considers this a "show me" stock. Until they can produce actual revenues to go along with the nice press releases (setting the bombshell about FDA rejection earlier this year that got us to where we are in the stock price now).
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