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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: Terry D. who wrote (2805)	12/18/1998 4:18:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 3702

Yes, why continue with the discounted, diluting, $20m arrangement? Put it on the shelf and go to shareholders asking for $1m per month or whatever the burn rate is. Just keep on going back to the well on a monthly or 6 monthly basis - and keep the $20m arrangement as a backstop. Maybe TCLN shareholders are known not to have any financial substance to speak of and wouldn't be able to come up with the cash. For every $1000 in stock you hold, you'd need to put in about $20 per month to give them $1m burn rate per month. Give or take a bit. That doesn't sound much, but if somebody has $500,000 current stock value, they'd need to stump up $10,000 or to give 6 months cash flow, $60,000. That might be hard for a lot of people. But if they don't like it or can't fund it, they could sell the rights to somebody else. Me for instance! Maurice