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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?

To: george who wrote (1220)	1/20/1998 4:51:00 PM
From: Frank Buck	Respond to of 1894

George, Good to hear from you!! Your statement: <<I thought Sakura was to put 6m into New Co.> probably stems from the press release; ..Gombrich, who will serve as Chairman of the new entity, explained that an initial combined capital infusion of greater than $6 million will come from NewCo's partners and investors. "AccuMed will retain at least 50% ownership of NewCo," he said. My post mentions (from my hearing of todays conference call): <<Sakura's contribution; $2.5M cash, new product development, distribution channels, and cytopathology related inputs??. It seems you were assuming* the full $6M was coming from Sakura! The release specifically states; ...initial combined capital infusion... with the word combined being the key word. I should also have mentioned (on my previous post) some of the highlights of todays conference call; are deemed reliable but not warranted! My hearing is diminished from a lifetime of excessive noise decibel levels, ie., a ba-zillion gun-shots, loads of high amplitude Rock music (concerts) in the late 60's an 70's, and a summer job of manning a 70-90 lb. infrastructure demolition jack-hammer (ten-hours a day) while I was younger! It's a wonder I can hear anything. Thankfully the custom of "shooting the messenger" went out with the early Roman-Greco Period. Of course that was only if they brought bad news. Do you think the highlights of the conference call were that bad? Frank