Cistron Biotechnology(CIST)$.30 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 : Cistron Biotechnology(CIST)$.30

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: scaram(o)uche who wrote (858)	10/1/1997 11:56:00 AM
From: Rudy Saucillo	of 2742

There's also very interesting info about the BlueStone agreement in the 10k. The financial incentives for BlueStone to perform _in the near term_ are superb!! I'm very pleased with the arrangement. Here's an excerpt from the 10k: "In September 1997, the Company engaged the services of BlueStone Capital Partners,LP to act as Cistron's financial advisor as to corporate strategic and financial initiatives. The initial engagement is for a period of six months and may be renewed upon mutual consent of the parties. The Company is obligated to pay BlueStone Capital $90,000 for the initial six month period and issue warrants to purchase 400,000 shares of the Company's common stock at $.25 per share. The Company would be obligated to make payments including certain percentage fees as well as to issue additional warrants to BlueStone to purchase up to an additional 400,000 shares should BlueStone assist Cistron in completing a merger, acquisition, joint venture, partnership, license or contract." Cheers! Rudy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next