AMERICAN BIOMED, Minimally Invasive Technology (ABMI) Message Board

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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI)

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To: greg Benfield who wrote (2191)	11/24/1998 5:49:00 PM
From: Meisterama	Read Replies (1) of 2887

It does get a bit boring sometimes, so even I have taken the drastic step of reading the latest 10Q filing word-for-word. Here's something interesting: " During the third quarter warrants to ... purchase 50,000 shares of common stock with an exercise price of $0.35 expiring in two years were issued to a financing source. In addition, the Company has reserved for warrants to purchase 200,000 shares of common stock at $0.55 in connection with a finders fee agreement. " That last bit about the "finders fee arrangement" is kind of curious. Anything to do with LaSalle and/or strategic partners, I wonder? Also, I noticed the company has given some pretty sweet options to Coffin Communications, and is also paying a hefty $4,000 monthly fee to Coffin. Sorry, but I'm not seeing the return on investment there...

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