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Biotech / Medical : T/FIF Portfolio -- Ignore unavailable to you. Want to Upgrade?


To: Biomaven who wrote (993)6/25/1999 1:13:00 PM
From: Jim Oravetz  Read Replies (1) | Respond to of 1073
 
<<My other concern is that they have this deal with an undisclosed bank to sell common at a reasonable discount. I don't object to the terms at all, but they have gone (far) out of their way to never disclose the name of the bank, which I find a little irksome and a little weird.>>

Your in luck if you live near by SUPG -- they are registered in Del.

This article is reprinted from Worth Inc. Dec/Jan '99 issue, pg 114
Title: Listen Up, Goliath
By: Dave Califano
Do individual investors have a chance of making their voices heard when they think one of their companies is being mismanaged? Suprisingly enough, Yes. ......

..."Another favorite pressure tactic is what's called the 220 demand letter. Many companies are incorporated in Delaware because of the states' pro management legal code. But one key part of the code is actually a shareholder's best friend. Under section 220 of Del. General Corp. Law, investors can, upon written request, inspect the books and records of any company whose stock they own. ....

Jim