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


To: matthew lamberson who wrote (518)4/9/1998 6:04:00 PM
From: Greg B.  Respond to of 863
 
Matthew,

The only silver lining is that these insiders, including Winston who is a very central figure, would bail now is that they hope to buy in at lower prices later.

Since big issue here has been capitalization, this may be the only reason why they sold. And I don't think they were trying to raise $6 million more for the company.

Achieving those sales targets are important, as that is how ENML can hope to keep cash burn under control and within plan. And I haven't seen media pick up on the story yet.

I'll keep my eye out, but not going to follow closely because I'm neither long or short in this stock.

Greg