Isolyser (OREX)- Any comments Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Isolyser (OREX)- Any comments

OREX 0.223

-34.4%

Apr 3 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kelly R. Conaty who wrote (517)	8/4/1997 11:32:00 PM
From: Bruce Resnak	of 617

Can anyone shed any light on the following release. Is this just more problems for Isolyser, or this this semi-normal for accounting procedures? ISOLYSER COMPANY INC, Inc is not in compliance with its senior credit facility covenants for the 2Q. The company says it is currently in the process of obtaining a waiver of such covenant violations and has accordingly classified the debt as long-term. Isolyser says there are no assurances the company will in fact recieve a waiver and the failure to obtain one would require the current debt to be classified as a current liability. On June 30 the company's long-term debt stood at $37,415. (Reuters 10:40 AM ET 08/04/97) For the full text story, see merc.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next