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Microcap & Penny Stocks : Isonics Corp. ISON -- Ignore unavailable to you. Want to Upgrade?

To: golfnvester who wrote (904)	12/12/1999 9:45:00 PM
From: golfnvester	Respond to of 1099

The transaction, which will be accounted for as an asset purchase and sale, consists of $6.7 million cash at closing and contingent cash payments of $500,000 per year for three years. Additionally, Eagle-Picher has negotiated a 42-month warrant to purchase 4 million Isonics common shares at $3.75 per share in exchange for supplying Isonics with 200 kilograms of isotopically pure silicon-28 in 2000. No further details were disclosed. after closely rading the above paragraph, i don't know that i would come to your conclusion. what E-P has is a stock option...which is currently under water and only has value as ISON stock price exceeds $3.75/share. what's more interesting is the fact that ISON only has 6.1MM shares total, so the warrants for 4MM shares is 2/3 of the company, which would instantly make ISON a closely held company of E-P. unless ISON was planning on issuing more shares...which i doubt. with a float of only 100K share i'm interested in what this is all about. its almost as if E-P wants to be an owner of this business, but doesn't necessarily want the numbers on its balance sheet right now. if ISON technology works out, it will certainly be worth more than 3.75/share and so EP will exercise the warrants...hmmmm. a lot more than a little ole mech engr like me knows about.

To: golfnvester who wrote (904)	12/13/1999 12:25:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 1099

Golf, the point is very simple, there is a material that can perform better than theoretically Si-28 wafers. After all, the advantage in thermal conductivity is at best 50%, but if another material could discharge the desired function (in essence switching) at 50% less energy per switching (and in practice, the critical factor is really the product of switching time the heat dissipation per switching), there would be no need for Si-28. Well, there is such a material, GaAs, but its cost of raw materials is about 20 times that of silicon, thus it is relegated to the most difficult part (highest switching speeds) of the microelectronics requirements. Since Si-28, has no chance of being better than GaAs, I doubt that at the huge premium it will ever find any mass market. I said that last year on this thread. Just because Yale has received some patents it does not means these are useful, it is time that industry looks more critically at those Ivy generated patents, many are not really that useful. Zeev