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Biotech / Medical : Palomar Medical Technologies, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Ted Molczan who wrote (649)2/18/1998 10:45:00 AM
From: Toni Smithson  Read Replies (1) | Respond to of 708
 
It looks like the company settled, but the company appears to be stating that the case was dismissed because it was "meritless".

I'm curious...Did CC get cash or stock? If cash, where did it come from? I haven't heard anything about the company raising any money lately, and the approx. $15mm that they had as of 9/30 should be much, much lower given their probable cash burn rates (even pro forma for the spinoffs).

BTW, when is the conference call and do you have a dial-in number?