Antex Biologics (ANTX) Message Board

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Biotech / Medical : Antex Biologics (ANTX)

ANTX 1.135

+5.1%

Dec 31 3:59 PM EST

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To: RIP who wrote (1097)	1/12/1999 9:14:00 AM
From: John R Resseger	Read Replies (1) of 1476

Rip This statement is from the most recent 10q The Company is currently concluding negotiations regarding an extension of its facility lease and an expansion of its existing space. Estimated construction costs and equipment acquisitions related to the expansion and renovation have been budgeted at up to $4,000,000. Anticipated financing from the landlord is expected to fund approximately forty percent of this estimate. The Company is currently in discussions with various lenders to secure debt financing for the balance. To the extent that the Company is unsuccessful in obtaining the additional financing required, the resulting shortfall may be financed utilizing the current assets of the Company, may result in a reduction of the Company's expansion and renovation budget, or may be resolved by a combination of these two alternatives. Did Vic give any inclination as to what they need more space and equipment for? I thought they just got done expanding! Is the Navy doing the tests on both vaccines, Campy and Pylori ? JRR

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