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Biotech / Medical : T/FIF, a New Plateau -- Ignore unavailable to you. Want to Upgrade?

To: scaram(o)uche who wrote (1182)	5/7/2002 10:33:02 PM
From: michael_f_murphy	Read Replies (1) \| Respond to of 2243

<<In a stock for stock transaction, I believe that the debt can't be called?>> The bondholders can not put the bonds to the company in a stock deal, provided it is for publicly traded stock. Paradoxically, the debt might loom larger to a "going concern". They would have to pay regardless of the program success or failure. "What would VPHM be worth ..." Pretty dicey takeover proposition to present to one's board. Would have to have better insight on recent Picovir developments and prospects than I have. Might be hard to get people to look beyond that.