ROIX - A BENEFICIAL OWNER DROPPED $25 MILLION... Message Board

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Biotech / Medical : ROIX - A BENEFICIAL OWNER DROPPED $25 MILLION...

ROIX 0.00

Sep 9 5:00 PM EST

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To: Skeeter Bug who wrote (2)	5/28/1997 12:48:00 AM
From: j.d.spath	of 7

seafield converted 16mil. note from roix to equity which left roix better bank credit. seafield is now 65% owner of roix. roix may be sold or spun off which will give seafirst shareholders shares in (riox )(labs) and they're insurance business.seems seafield(sfld) would have been a safe bet. they have 82% of labs shares which eps grew from $.02 to$.10 last quarter plus the 30% growth for roix, plus the 3.61% yield is nothing to sneeze at. Im not the an expert on seafield or roix but seems a sizable sum to allocate to one co. you may know somthing which i have missed.

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