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Biotech / Medical : CHDX--US China Industrial Exchange -- Ignore unavailable to you. Want to Upgrade?

To: Bill Bishop who wrote (60)	10/12/1998 2:09:00 PM
From: WWS	Respond to of 77

Bill, from their most recent 10QSB (through June, 1998) I discovered that CHDX reported having about $4 3/4 mm cash remaining, and were in negative cash flow to the tune of about $1 1/2 mm per quarter. Further, the 10Q contained the statement that they believed that they had enough cash on hand to fund existing operations for about another 8 months (i.e., July '98 through February '99). Of course, this is assuming that their ongoing operations only pay off at the same pace as in the past. "Believers" must hope that operations this present quarter will expand on three fronts: 1) Beijing United--hoping for at least $1 mm from operations this quarter, 2) some of the $15 mm loans funded by the I/E bank are spent on purchases by hospitals from CHDX and 3) Loreal products are placed in retail pharmacies in Shanghai. We'll know towards the middle of November, I expect, which is about when their next 10Q is due. BTW, the most recent 10Q also mentions that they'll have to obtain additional financing in order to open clinics in other cities, and I also learned that CHDX has 2 mm shares of "Class B" common outstanding, in addition to the 4.7 mm of "Class A" common. I believe that Class B shares have more voting rights attached to them than do the Class A shares (investors such as us trade the "Class A" shares, I believe).

To: Bill Bishop who wrote (60)	10/24/1998 10:12:00 AM
From: WWS	Respond to of 77

Bill, here's a link about 8 more foreign banks approved to open in Shanghai. Thus hundreds of new staff from around the world to move to Shanghai. Will a nice new health clinic, run by CHDX, be awaiting their arrival? This probably depends on their obtaining additional financing, which rests (or should rest) on restoring investor confidence in the value of their existing shares, which in turn rests on their ability to operate the Beijing United (BJU) clinic at a profit. We'll know that answer by November 14th. Have you visited BJU's nice new web site yet? If so, what did you think of it? Meanwhile, we're in a race against possible delisting from NASDAQ, so this quarter's results better have a nice upside surprise built in. biz.yahoo.com

To: Bill Bishop who wrote (60)	11/12/1998 8:44:00 PM
From: WWS	Respond to of 77

Bill, are you still in this play? Have you seen the new web site for Beijing United Hospital--if so your impressions? Any predictions about their quarterly results due this coming Monday?

To: Bill Bishop who wrote (60)	1/5/1999 8:16:00 AM
From: WWS	Respond to of 77

Bill, I hope that you're still around to help celebrate this good sales news for CHDX. China deals sure take immense effort and much time to conclude, but it appears that CHDX had the necessary persistence and perseverance to prevail. biz.yahoo.com