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Biotech / Medical : Lorus Therapeutics Inc.
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To: Brad who wrote (204)10/20/1998 11:06:00 PM
From: trustmanic  Read Replies (1) of 279
 
Brad, My understanding is the money last for 5 to 6 months(@ this burn rate) and they are looking for government grant and try make a deal with the majors. They try not to ask the market for money but I doubt they will get a deal in time. So the only possible way out is to sell cheap stock.
Biotech is a highly speculate sector.30 to 40 cents may be worth to take the risk. 90 cents is already a double.Who know next year LORUS & other juniors still alive.

George
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