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Biotech / Medical : SMDX Spectrumedix
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To: Steve who wrote (8)2/16/2000 9:06:00 PM
From: Skip Leonardis  Read Replies (1) of 34
 
Effective date is 9/17/97 from the filing:

The Redeemable Warrants shall be exercisable for a period of four years commencing one year
from the effective date of the Registration Statement (the "Effective Date") at
$7.50 per share. The Redeemable Warrants are subject to redemption by the
Company at a redemption price of $0.01 per Redeemable Warrant upon 30 days'
written notice given at any time after one year from the date of this Prospectus
in the event that the Market Price of the Common Stock (the "Market Price")
equals or exceeds $10.00 per share.

There were buyers as high as $1.88 today; pricey based on today's SMDX close of 5.25 given a strike of $7.50. Also, someone was willing to take 30k at 7/8 the other day; may portend higher SMDX if they know what they're doing.
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