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Biotech / Medical : ANTIVIRALS INC. http://www.antivirals.com
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To: Marty who wrote (8)7/9/1997 1:25:00 PM
From: IGUANA   of 167
 
Marty,
Each Warrant initially entitles the holder thereof to purchase one share of Common Stock at a price of $13.50 per share (150% of the initial offering price of the Units), subject to adjustment under certain circumstances. The Warrants are exercisable at any time, unless previously redeemed, until the fifth anniversary of the prospectus, subject to certain conditions. The Company may redeem the outstanding Warrants, in whole or in part, at any time upon at least 30 days prior written notice to the regisered holders thereof, provided that the Common Stock has been at least 200% of the then current Warrant exercise price for each of the 20 consecutive trading days immediately preceding the date of the notice of redemption.

For additional information contact:
Dr. Dennis Burger, Ph.D
CEO @ 1-503-227-0554

Lippert/Heilshorn & Associates
PR for AntiVirals @ 1-212-838-3777

My opinion is that by year end '97 to see the Common mid 20s and the Warrant $10+. Any buy on the Common Stock at or below the issue price of $7 is the ticket. The Stock faded today on light volume, BUY!!! My guess is that we may also see some Fund buying soon, with no stock out there coming in, 2-3 quick points seem sure.

As always JMO
IGUANA
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