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Biotech / Medical : ACMI - Accumed Inc.
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To: Cisco who wrote (1271)1/27/1998 5:08:00 PM
From: Sigmund  Read Replies (1) of 1894
 
I guess we won't really know what is happening for another two weeks i.e. 7 - 10 days after Thursday. The company might share with us what they presented but they will not be able to speak to the response from NASDAQ.

The company has a market cap of $40MM they need to raise approximately 1% of their value.

Rather than buying back their stock they need to sell 300,000 shares. That shouldn't be very difficult. They can make a small acquisition for stock (no good will) and achieve this or pay a supplier in stock. It shouldn't be a problem.

Hopefully what they submitted to NASDAQ was a plan to solve the problem or better yet a report of how the problem already has been solved rather than a Clinton style request to ignore.

I assume that NewCo solves the problem which explains a lot about why the deal was made. Hopefully NewCo is the solution rather than something that makes the problem more difficult to address.
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