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Biotech / Medical : ACMI - Accumed Inc.
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To: Cisco who wrote (1208)1/18/1998 9:58:00 PM
From: Frank Buck  Read Replies (1) of 1894
 
Cisco,

Most definitely yes! The BODs' previously approved a three for one reverse split (Dec.'96 I believe). Shortly after the announcement they
rescinded it. Nothing was ever mentioned about it again. I believe that the rationale behind their initialy engineering the reverse split was because they realized the current shares outstanding amount is difficult to manage. By that I mean there are a sizeable number of shareholders moving around a rather decent sized public float. If they
reversed the shares 3-1 they would have a better shot at an appeal to the larger institutions. Historically a reverse split is dangerous. They were open to do it but realized the potential danger.

The point being if they were astute enough to realize that then, they should realize that an open market buy back announcement would be a positive indicator to the market. A signal that says "we are cheap,
we know it, we are sure of our future, and we want to do something
NOW for the shareholders. They don't have to get crazy with the buyback. They can announce it (without) the numbers and then make
the buys when convenient. They will pick up the market volume slack and create a new look at AccuMed. That new look will show all the recent new developments.

The stock has become "shopworn". Everyone is used to seeing it with a strong-buy rating and rated #1 of 56 companys in its industry. It's old news that hasn't changed. The old stigma has to be broken. The stock-buy back would do that. It is an actual event.

Frank
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