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Biotech / Medical : Calypte Biomedical Corporation (CALY)

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To: Cindy Powell who wrote (185)10/28/1997 7:01:00 AM
From: dowman  Read Replies (1) of 381
 
The Reg.S filings does not give the "wrong impression" but sends the following message, for this filing or any Reg.S filing. The company was unable to find a strategic buyer or permanent financing and as a last resort turned to "opportunistic" buyers. These buyers are not investors and have a built in advantage that all would dream of... a 20% head start. They will not let that edge evaporate by taking the risk of "investing". They will "sell the news" if they have not started to sell already.
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