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Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?
PRCT 30.42-1.1%Nov 13 3:59 PM EST

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To: Gerald Thomas who wrote (55)2/19/1997 1:45:00 PM
From: James Silverman   of 455
 
Gerald,
Sometimes it takes quite some time to analyze the data in question, prior to publishing something.

In terms of cash. they have about $6M left (Dec 31) and a burn of about $3M a quarter. So we're talking a June 30th due date, just 4 months and a few days left. This concerns me. They are going to have to move fast to secure some financing, before it becomes a last minute thing.
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