CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Art Baer who wrote (277)	2/4/1997 1:45:00 AM
From: William Presti	of 1172

Today I received a mailing to Chemtrak stockholders to the effect that the company was going to issue additional shares of its common stock to honor conversion obligations under the Convertible Debentures issued in 5/96. That means they have to issue enough to cover the outstanding 1.9 million of the remaining debentures. They say that this step is being taken to conserve cash which it needs to launch AWARE and Hp Chek. Any thoughts or comments about this action and how it should be interpreted? Bill

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