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Biotech / Medical : Henley Health Care (HENL)

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To: Ira Sacharoff who wrote (3)3/16/1997 7:25:00 AM
From: Dick Jaffe   of 89
 
I have been in this stock for several years; ever since it was mentioned in Dr. David Williams' "Alternatives" newsletter. I have also conversed with CEO Mike Barbour on numerous occasions and feel that he's done a fine job expanding the scope of the company's operations into the physical rehab business.

What bugs me, though, and you too, I'm sure, is why the FDA is taking so damned long to approve a clearly effective, non-invasive device to treat CTS. What information do you have that leads you to conclude that approval is coming later this year? Have you heard any news on the status of the company's application to graduate from BB status to NASDAQ?
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