Henley Health Care (HENL) Message Board

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Biotech / Medical : Henley Health Care (HENL)

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To: Robert C. Petersen who wrote (34)	9/9/1997 8:09:00 PM
From: Dick Jaffe	of 89

Hi Bob and Calvin: I spoke to Brit Sudduth today at Henley re: the $7.50 warrants that were due to expire next month. By popular demand they will be extended to 12/98 AND the strike price will be reduced . . . but he was not sure to what figure. He said that warrant holders will be getting a letter shortly with the details. Meanwhile, he says the company is humming along and has picked up a number of new (and larger) market makers, so we can look forward to an increase in trading volume and (hopefully) price (and a reduction in the bid and ask spread). I think he said they have a total of 12 MM's now. Henley's strategy is to become THE PREMIER pain control company in the world. Let's enjoy the ride. Dick

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