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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Kevin McKenzie who wrote (11395)11/15/1998 11:49:00 PM
From: Gregg Sterner  Read Replies (1) of 119973
 
This should nail CTII's lid shut tight.......

A Quote from their Nov. 11 Press Release......
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CytoTherapeutics does not have any revenues from commercial products and finances its operations through the sale of stock and partnership agreements with large pharmaceutical companies. In 1995, for example, it signed a deal with Astra AB, a Swiss pharmaceutical company, to help pay for its work in encapsulated cell technology. Rose is currently looking for a partner to help finance the stem cell research.

"We need a partner," said Rose. "These are large markets and the cost for moving into them is substantial. I've been working on this very hard for a year. We're at the last stages of the dance."

By William J. Donovan
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