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Biotech / Medical : Henley Health Care (HENL)
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To: Dick Jaffe who wrote (36)9/28/1997 12:08:00 PM
From: Cisco   of 89
 
Dick,

Thanks for bringing this stock to my radar screen. Do you have any details on where in the FDA approval process Microlight 830 is at? I can't seem to come up with any useful information from the FDA online.
I did notice that the Orthopedic & Rehabilitation Devices Panel has cancelled their Oct 15-16, 1997 meeting with no future meeting scheduled. I assume that it is still in this panel, do you know?

I thinking about making a Freedom for Information request to the FDA for files on the Microlight 830. They list a special address on their 1-800 number for such request. I bet that if they told the FDA you could lose weight by using the Microlight 830 it would get immediate approval.

I like the fact that it is trading near its 52-wk low. My investment goal is to purchase stocks that have potential to return 20% in 90 days or less. I agree that FDA approval could sky rocket this stock. What would be your target price in 60 days with no FDA approval for Microlight?

Do you think their would be a significant bump from the Red Chip Review seminar? It sure would be nice to see the seminar followed by a FDA approval. Do you think that FDA may be dragging its feet because of the recall on the Microlight that the FDA required in 1993 because it had been distributed without 510(k) approval?

I may or may not buy this stock, but I plan to add it to my watch list.

<<off topic>> What do you feel the price of ATEC is going to do over the next two weeks? With at least 3 new annoucments expected over the next two weeks, I am hoping to see the stock pass the $2 level. However, I am wonder if we might see a dip on Monday and how much.

Cisco
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