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Non-Tech : Enamelon (ENML) - Does anyone follow this? -- Ignore unavailable to you. Want to Upgrade?

To: Mel Spivak who wrote (837)	7/19/1999 1:53:00 PM
From: Q.	Read Replies (2) \| Respond to of 863

Yes, it is breaking out, and on record volume too. It started Friday. I have no way of knowing what is going on. No news on the newswires or Bloomberg. I suppose it is possible that ENML has negotiated new terms with the convert owners, to reduce the impact on the stockprice. The one such arrangement that would have the biggest effect on raising the stock price would be a redemption of the converts, but ENML doesn't have the cash to do that. I'm not expecting any news re. ADA approval for several months at the earliest. I can't think of anything else, except that they still need a new financing deal to raise more cash. My best guesses are P&D or forthcoming news about financing. Look at the following historical price/volume data, and compare to the 780 k shares traded so far today: 06/17/99 2.093 2.375 2.000 2.312 88,300 06/18/99 2.031 2.125 2.000 2.093 140,000 06/21/99 2.125 2.125 1.968 2.000 145,800 06/22/99 2.000 2.031 1.750 1.875 409,900 06/23/99 1.812 1.812 1.562 1.687 299,300 06/24/99 1.687 1.718 1.187 1.406 556,800 06/25/99 1.375 1.406 1.187 1.187 253,000 06/28/99 1.250 1.312 1.187 1.187 211,500 06/29/99 1.312 1.312 1.031 1.125 350,400 06/30/99 1.125 1.250 1.062 1.250 196,800 07/01/99 1.250 1.250 1.062 1.125 189,200 07/02/99 1.125 1.312 1.125 1.250 518,900 07/06/99 1.250 1.343 1.062 1.125 466,900 07/07/99 1.187 1.250 1.062 1.093 377,700 07/08/99 1.125 1.187 1.062 1.093 346,200 07/09/99 1.062 1.093 1.062 1.062 167,900 07/12/99 1.093 1.187 1.093 1.093 142,700 07/13/99 1.187 1.250 1.093 1.156 199,900 07/14/99 1.156 1.156 1.093 1.125 134,000 07/15/99 1.125 1.187 1.062 1.156 372,300 07/16/99 1.125 1.312 1.093 1.312 410,900