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Biotech / Medical : BICO & VITK

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To: erin4 who wrote (2034)	7/26/1998 11:14:00 PM
From: Tom R. Jones	Read Replies (2) of 2395

erin4, You are very right! Reg S is a horrible way to do business. Reg S is often associated with illegal shorting of stock. I have not yet seen a stock overcome the Reg S problem (SYCR, HOPR, STNX, etc.). Once a company gets involved with Reg S, the risk factor increases 100 fold. Of course, only companies that are absolutely desperate for cash go that route. If you remember, BICO cut a deal with the holders of the Reg S some time ago that involved an orderly conversion of debt to stock. In order for BICO to cut a deal, they must have given up something big. I wonder what they gave to the holders of the Reg S. Regards, Tom

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