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Microcap & Penny Stocks : INCE - Intercell info???

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To: Jamey who wrote (2620)3/11/1998 9:13:00 AM
From: Scott H. Davis  Read Replies (1) of 3358
 
Jim, perhaps my question was not clear. SUNY or NPCT, got 30% of the PIC value. Question is, did INCE acquire anything of value in return other than the shell? If not, the transaction is really suspect. The parties had pre-existing relationships/mingled intertests. There are some tests of whether a transaction in these situations was truly an "arms length transaction". IF there was nothing of value received, then there may be an issue of opposing it. Scott
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