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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: SSP who wrote (19867)1/12/2000 1:45:00 PM
From: Katie Kommando  Read Replies (1) of 150070
 
From ADVA's recent 10Q:

The Company has been advised that since October 1999, BIOTEL,
Inc. has had discussions with several parties regarding the
possibility of BIOTEL selling its 3,300,000 common stock
shares of the Company, or voting its majority shares in the
Company in favor of a reverse merger. Management of the
Company has entered into discussions with several potential
merger partners. No agreement has been reached with any
party at the time of this filing, however BIOTEL intends to
continue to pursue the possibility of selling all or part of
its holdings in the Company to a third party, or approving a
reverse merger, and the Company intends to continue
discussions with interested potential merger partners.
Potential buyers of the majority position in the Company's
stock have also indicated that their interest is in merging a
privately held company into the Company in a "reverse merger.
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