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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: CerealMan who wrote (82987)4/16/2001 8:56:19 PM
From: lindao  Read Replies (2) of 150070
 
OPHD - interesting dividend - presently trading 1.18
Ophidian Pharmaceuticals, Inc. (OTC Bulletin Board: OPHD.OB) ("Ophidian" or "the Company") announced today that it will make a distribution to its existing stockholders of record as of April 23, 2001. The distribution will be in the amount of Eighty-three cents ($0.83) per share, and payment is scheduled to be mailed to stockholders on or about April 30, 2001

The Company also announced that as of April 16, 2001, Ophidian and Hemoxymed entered into an Agreement and Plan of Merger whereby Ophidian will acquire all of Hemoxymed's outstanding capital stock from Hemoxymed shareholders in exchange for Ophidian's issuance and delivery to Hemoxymed shareholders of 19,000,000 new, unregistered shares of the Company's common stock. Immediately following the closing of the transaction, the Company will have 20,200,000 shares of its common stock issued and outstanding, of which Hemoxymed shareholders will hold approximately 94% and the Ophidian stockholders immediately prior to the transaction will hold the remaining 6%, and Hemoxymed will become a wholly owned subsidiary of the Company.

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float 0.6 M book value 1.18
Linda
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