Rande Is. . .FISHING. . [under $1.50] Message Board

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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: Bucky Katt who wrote (260)	1/14/1999 9:04:00 PM
From: Rande Is	Read Replies (1) of 4766

Very interesting news that helps explain BIPL's situation: VENTURA, Calif.--(BUSINESS WIRE)--Nov. 11, 1998--Biopool International Inc. (Nasdaq:BIPL - news) Wednesday announced that as part of the company's stock-repurchase plan approved by the board of directors in June of this year, it has privately purchased the last remaining shares held by Zesiger Capital Group of New York City, previously the company's largest institutional investor. Michael D. Bick, Ph.D., chairman and chief executive officer, stated: ''Zesiger Capital Group had acquired a total of 1.6 million shares in private placements that took place in May of 1993 and December of 1996. However, they have been a net seller of Biopool stock since early 1998, which has created tremendous downward pressure on the price of Biopool's common stock. ''Biopool's management believes that a block purchase of the last remaining shares held by Zesiger Capital Group will help reduce the downward pressure on Biopool's stock caused by Zesiger's sales.'' Rande Is

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