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Biotech / Medical : SABRATEK CORP (SBTK)

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To: LTK007 who wrote (160)	6/17/1999 8:58:00 AM
From: Pluvia	Read Replies (2) of 487

*900,000 SBTK SHARES TO HIT THE MARKET* 8k Filed 6/16/99 indicates the SBTK LifeWatch purchase is $12.26 Million CASH, and 900,000 shares of stock which are available to sell beginning immediately upon registration by SBTK. Bad News 1. If the sale of the 900,000 SBTK shares nets an average cost of less than $17.78 SBTK must make up the difference in cash. 2. If SBTK's auditor pulls their opinion and SBTK stock is halted SBTK could potentially lose an enormous amount of money on this deal as the stock price will likely be below $10. 3. SBTK's insurance may not cover a loss from the class action suit if SBTK management are deemed to have committed fraud. If true, that would mean SBTK may have to pay out of pocket - perhaps bankrupting SBTK. BUYER BEWARE...

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