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Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH)
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To: Zebra 365 who wrote (351)1/16/1999 6:46:00 AM
From: Don Earl  Read Replies (1) of 371
 
Hi Zebra,

I was counting the class action as one, the one for $400K that was just settled, the one from the ex partner that wants his patents back, and the one in the announcement today.

Class action suits I tend to disregard. Most companies have insurance to protect against share holder suits. I assume the ex partner that wants the patents back doesn't have a leg to stand on. Pretty hard to sign a contract to sell something at an agreed upon price, then come back later and want to change his mind. The one in the news today strikes me as odd in that they took this long to attempt collection, but I assume there were notes and contracts signed that will hold up in court.

Although all the law suits are messy, I don't see them as being much of a threat to the company's ability to do business.

The float on ADVH is only 2.9 million shares while the short interest is 1.8 million shares. It won't take much for the price to come unglued once the money starts coming in.

Regards,

Don
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