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Biotech / Medical : Small Cap Foreign Biotech -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (22)	1/30/2000 2:44:00 PM
From: Jesse Schulman	Read Replies (1) \| Respond to of 363

I'll try to clarify this and report back - my German is fluent but my knowledge of corporations law is zip world-wide. Some of the companies I found were "AG" and so from the literal translation ought to be publicly traded, but upon close examination the stock seemed to be closely held. itss

To: LLCF who wrote (22)	1/30/2000 6:54:00 PM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 363

David, >Yes, don't think there is a Gmgh... ha ha.. had a couple >of beers last nite! Beer is nasty stuff; you never know what it'll do to you. I stay far away from it. On the other hand, I've been known to sample red wine and single malt.... On one occasion, I absolutely had to sample four bottles of red wine; I couldn't properly assess the quality till I got to the bottom of the last one... I'm not entirely sure that you cannot have shares of a GmbH traded on an exchange. By the way, in the US, can you peddle shares of an LLC without the SEC trying to impose any rules on you? I don't have a copy of the German Wertpapierhandelsgesatz although I'd be able to read it if I did. I spoke German before I could speak English; hence my problems with English from time to time! I used to do some translation and one possible translation of GmbH is PLC; i.e., according to the standard translation, it can be a public company. Here's one of the pitfalls in trading small foreign companies. The rules may not be what you think they are. And reporting practices definitely aren't the same. I'd be reasonably comfortable with UK securities but very worried about French ones. German companies fall somewhere in between in my book. No offense to any nationality involved and if anyone does take offense, please explain so that I may see the error of my ways :-) Thanks, Torben