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Biotech / Medical : biocircuits BIOC
BIOC 4.200-2.3%Sep 25 4:00 PM EDT

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To: Craig Rodkin who wrote (48)7/22/1997 3:00:00 PM
From: Steve Robinett   of 65
 
Craig,
You may be right but BIOC itself says costs will be rising. The current burn rate worries me. Staying alive until Q2 '98 may be a problem. Dilution worries me. 25 million shares. The hole they have to dig out of gets deeper. Even taking everything at face value, the company itself just lowered valuation again. In any case, we'll see.
I look forward to your thoughts after you check out the recent filings.
Best,
Steve
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