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Biotech / Medical : BICO & VITK
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To: Jim Andrews who wrote (2196)11/22/1998 4:45:00 PM
From: Tom R. Jones  Read Replies (1) of 2395
 
Jim, you do make some good points.

However, my theory is that BICO's line of credit is probably coming in the form of newly issued shares at a fraction of the cost of shares on the open market. Why else would BICO have asked for ANOTHER increase in the number of authorized shares.

If the $10 million is in exchange for shares, there is no real risk. If the $10 million is a "pure loan" then maybe they do know something.

Regards, Tom
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