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Biotech / Medical : ACMI - Accumed Inc.

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To: Sigmund who wrote (1568)3/20/1998 1:13:00 PM
From: Patrick Serafino   of 1894
 
Sigmund,

What is your take on the warrant price of 3/4 as opposed to 1 1/8 in the original press release. How will this affect the valuation of the stock near and mid term? I think this coupled with a reverse stock split will cause the stock to stagnate in the 3/4 to 1 range or whatever multiple the reverse split will cause. That is an awful lot of shares at a 3/4 price that could be dumped at 1 for a quick profit for the warrant holders and a $1 per share ceiling for the rest of us. I hope there is big news in the offing to get past the dilutive effect of the warrants.
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