TSXV:HEC.P - Post by User
Post by
iminddoon Jan 31, 2002 1:21pm
1319 Views
Post# 4712638
national bank
national bankLooks like nat'l bank trying everything to get prices to drop. Wsan't she the same one who gave us a very bad report a few month ago. I guess BPUR had Fuaerstin and we have Ntantoulis. Lets make sure she does not get her shares.
"National Bank analyst Dimi Ntantoulis wrote in a morning note that the company is being too aggressive in forecasting the time to complete the studies, suggesting that the fourth quarter of 2002 is a more reasonable expectation.
``We see further potential disappointment in the short term as we do not believe Health Canada will approve Hemolink and certainly did not approve Hemolink in 2001 despite assurances from the company,'' wrote Ntantoulis.
``We believe the company will have to raise additional capital in the near term to finance its U.S. phase three trials. We recommend investors to take profits at these levels,'' she added."