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Biotech / Medical : CLTX: Celsus Therapeutics
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To: Miljenko Zuanic who wrote (8)6/3/2001 11:48:13 PM
From: Miljenko Zuanic  Read Replies (2) of 40
 
Strange! They are short on cash, still they are lending $$$ to employee???

Last 10Q file:

4.Subsequent Event

In April 2001, Collateral provided loans of $300,000 each to four persons, each of whom is a principal stockholder and/or officer of Collateral. The loans are secured by pledges of certain stock and stock options of Collateral. The loans bear interest at the prevailing call money rate and are due in full in two years.
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