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Biotech / Medical : Biotransplant(BTRN)
BTRN 35.59-0.9%Oct 30 4:00 PM EDT
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To: keokalani'nui who wrote (1416)2/28/2003 4:13:16 PM
From: jayhawk969   of 1475
 
The conference call was pretty sobering.

1. BTRN was not making much progress to resolve the dispute with the school. Therefore BK became the best option to arrive at a settlement.Don continues to state that BTRN's belief is the school's claims are baseless. The issue will now be resolved in BK court.
2. Progress was being made to terminate facility leases, however , this will now have to be revisited.
3. The Nasdaq listing is subject to delisting as a result of the filing. They can appeal --this is being investigated.
4. The objective is to pay off the creditors and reserve any future royalty streams for the shareholders.
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