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Biotech / Medical : ACMI - Accumed Inc.
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To: Cisco who wrote (1271)1/27/1998 1:59:00 PM
From: Sigmund  Read Replies (2) of 1894
 
when i raised the question of the value of the assets put into the JV some thought I was raising a silly question. now it doesn't look so silly. if the assets to be transferred relative to the total assets of Newco are less than ACMI's share of Newco, the value of ACMI I assume will be enhanced and that may help them with their NASDAQ problem. I assume that equity in a JV counts as tangible assets but perhaps not. Otherwise given that they are close to being in compliance they certainly can raise a little money to get over the threshhold.

But this is something that we should have seen coming.

Given the way the stock is trading today, I assume that the solution has already been found but just not yet been announced.
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