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Biotech / Medical : SNRS- Sunrise Technologies
SNRS 0.0000010000.0%Nov 14 9:30 AM EST

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To: admr who wrote (1835)12/7/1998 2:42:00 AM
From: David Jones  Read Replies (1) of 4140
 
admr: I think the good news is the cash from this last stock offering. What some 20M? This should make then look good with there creditors. Plus I'm half guessing here, but isn't the cash/burn like 3M a quarter? Seems I recall thinking they were good through next April-May? But now with this money through 99 and the all mighty AMA.
Plus the way I've followed it, SNRS never recovered from the Asia flu like the rest of the market and we're due.
Is that news enough to raise the price 30% and maybe a good deal more? Or just maybe some of that 30% is looking for the PMA. Last time SNRS took off it doubled it's price but couldn't hold a respectable bottom. You know like "will we get enough longs to bring the bottom up well"? And not get another halving waiting for the AMA? "Although if I time it right wouldn't be such a bad ride."
It's late you'll have to pardon me if I'm speaking too off the cuff.
Have a Day
Dave
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