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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (31261)	8/19/1998 10:47:00 AM
From: ~digs	Respond to of 132070

Fair enough, I didn't know you avoided the penny's. Thanks for the objective opinion... every one helps.

To: Knighty Tin who wrote (31261)	8/19/1998 11:52:00 AM
From: Mark Adams	Read Replies (1) \| Respond to of 132070

Mike- a couple of news items on SHMN: Shaman Raises $14.0 Million in Initial Closing of Royalty-Based Preferred Stock Offering Each share of the Preferred Stock is entitled to receive the greater of (i) a dividend at a rate of $10 per year, payable semi-annually in Common Stock, or (ii) a pro rata share of a royalty on the company's net sales of its SP-303/Provir(TM) product candidate in the United States for diarrhea (equivalent to a 7% royalty for a total investment of $14.0 million and a 10% royalty for a total investment of $20.0 million). biz.yahoo.com This sounds like a better way to play SHMN to me. Would you concur? Also, they released their numbers, which show a deficit in the working capital section. I'm assuming this doesn't include the 14 million in the other release. biz.yahoo.com SHMN needs to raise money- and the preferred offering helps a bit with out too much dilution, but seems too little to make a dent in their ongoing needs. (Burn rate of 9.6 million/qtr). This probably has depressed their stock's price during the past 10 weeks, and it looks like Lisa Conte is buying time. Any comments?