Trinity Biotech (TRIBY) Message Board

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Biotech / Medical : Trinity Biotech (TRIBY)

TRIB 1.075

-16.0%

Dec 24 12:59 PM EST

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To: Keiko who wrote (7840)	1/18/1998 8:24:00 PM
From: Decci	Read Replies (1) of 14328

Keiko, < We actually have had an offer from Selfcare for settlement. somewhat over 50 % > If Selfcare offered a settlement, they too are confident of the outcome, judgement in favor of Trinity. SLF seems willing to give Trinity $3 million more than Trinity paid for the shares not to take it to court. JOC mentioned that Trinity bought the shares for a grand total of $2.4 million. I think $8.5 million is much better return. If the SLF shares are worth around $11 million, the profit from this deal will give our Irish-folk some money to shop for other companies to further the aggressive growth they desire. I might suggest to the TRIBY bosses to maintain control of the shares and request a seat on the SLF board. I would not sell until SLF hits $30. I think they are only a few big contracts away from that mark as they too have solid management. Back to TRIBY, I feel confident in the future, I don't think we can possibly go any further down than we have been. Next week should bring more news? OUT

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