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Biotech / Medical : BICO & VITK -- Ignore unavailable to you. Want to Upgrade?

To: Terry D. who wrote (2347)	5/24/1999 11:17:00 PM
From: Tom R. Jones	Read Replies (1) \| Respond to of 2395

Terry, I was looking at BICO again this week to see what is happening and I found this in the latest 10Q: <<Cash increased from $ 125,745 at December 31, 1998 to $1,971,271 March 31, 1999 attributable to proceeds of $ 5,770,000 from the Company's public offering and to the Company's $ 3,715,755 net operating expenditures. The Company also had net cash provided by investing activities of $ 114,518, which includes proceeds from the sale of property.>> In effect, BICO was broke at the end of 1998 but was able to raise 6 million dollars by issuing more stock. However, of that $6 million, they have only $2 million left! In other words, they spent $4 million in the first 3 months of this year! Interesting stuff! Tom