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Biotech / Medical : Swissray Intl. Inc. (SRMI) -- Ignore unavailable to you. Want to Upgrade?


To: George Yorg who wrote (334)3/19/1998 8:00:00 PM
From: Art Haiss  Respond to of 763
 
Hello All

George's posted conversation with Mr. Laupper ease's some of my concerns. A response to the small investor by any company shows a willingness for serving a broad market base, regardless of capital represented.

Some notes I can list here;

The pending sale of SRMI's general x-ray servicing division, Empower , here in the USA to E.M. Parker Co.. This may finalize by year end 6/98.

The first of 4 "payments" on convertable debentures next week, ( according to the 03/11/98 restated filling). This is at a 25% discounted price. Price is taken on the fifth day prior to converting.
At this moment that means the shares shall be valued at $.75 . This debenture is worth 3.6 mil. So that calculates out to 1.125 mil shares.
Hopefully we are not facing more devalueing of the stock.