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Technology Stocks : Nanophase Technologies (NANX) -- Ignore unavailable to you. Want to Upgrade?

To: Owen Vaughan who wrote (236)	5/6/1999 9:09:00 PM
From: stock leader	Respond to of 322

I am looking for a pop in the next few weeks, so NANX's long-term cash burn rate does not concern me... As it stands right now, Nanophase is trading below their cash balance

To: Owen Vaughan who wrote (236)	5/7/1999 10:48:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 322

As or March 31, 1999, NANX had $25.8 MM in cash and investment securities; about $2.05 per share. The quarterly burn rate approximates $1.6 MM. While I have been watching this company for about a year and I am intrigued by the technology, I would not even consider an investment in it until they resolve their litigation. In my mind, this is still a development stage company and it was taken public prematurely. Dead money if you hold it. JMHO.