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Biotech / Medical : SABRATEK CORP (SBTK)
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To: mod who wrote (381)8/2/1999 7:26:00 PM
From: Kevin Podsiadlik  Read Replies (1) of 487
 
While you ponder whether to jump back in (wink wink), you might consider another funny aspect of that Ralin offering. In addition to the maximum of $19M they can get from the sale, there's also a minimum of $16M they're guaranteed to receive, with SBTK making up any deficit. Meaning, as long as there's nothing major to propel this puppy back up above $17 3/4, Ralin doesn't have a particularly huge incentive not to keep on distributing stock.
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