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Biotech / Medical : ADVA
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To: Sportfish who wrote (228)1/12/2000 11:45:00 PM
From: Katie Kommando  Read Replies (1) of 242
 
Following is what I believe is the critical portion of the 10Q that was filed today. It would appear that the merger is imminent. Shells such as this begin trading at much higher levels the closer it gets to the merger. PCES trades in the .60 to .70 cent range and the ADVA merger seems more imminent that the PCES merger. Oh how we all wish we had bought more PCES when it was under .30 cents!!

Here is the portion from the 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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