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Biotech / Medical : ATIS is on the move! -- Ignore unavailable to you. Want to Upgrade?

To: Marshall Teitelbaum who wrote (1875)	8/18/1999 1:48:00 PM
From: Rick Strange	Read Replies (1) \| Respond to of 2205

From the time a company begins seriously considering a security offering, through the actual filing of a prospectus, until SEC staff declares that an offering effective, a company cannot sell securities or "condition the market" for such a sale. In short, they can talk but not tout. Information must be factual not "forecast, projections of predictions" or "opinions concerning values" beyond what is published in the offering prospectus. Most corporate lawyers tend to muzzle their clients and forget that SEC guidelines, formulated in 1971, say that a company SHOULD answer shareholder, press or analyst questions as long as they deal with factual information and don't involve "forecast, projections or predictions." But, have you ever heard a lawyer offer advice about what you could do rather than what you shouldn't do. Anyway, this explains why ATIS has withdrawn from investor forums but will offer a paper next week at the European Wound meeting next week.