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Biotech / Medical : Medical Industries Of America, MIOA
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To: William S. Noone who wrote (133)5/4/1997 7:44:00 PM
From: insightful investor   of 570
 
My understanding is that no additional stock will be issued and that no debt will be taken on. Management is excited about sales growth. They believe that it will exceed revenues needed to expand business activities. Recent cash infusions from the Reg S settlement have served to jump start MIOA's expansion plans.
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