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DewDiligence

11/25/03 9:12 PM

#4189 RE: wbmw #4188

>> Now they have 3-4 additional quarters at the current burn rate. <<

The additional breathing room depends in part on the offering price, which apparently hasn’t yet been set.

If they manage to sell 25M shares at $3+, they will have handled the financing more effectively than I expected.