Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Cistron Biotechnology(CIST)$.30 -- Ignore unavailable to you. Want to Upgrade?

To: Zvi Yammer who wrote (1077)	3/26/1998 1:04:00 PM
From: PeterR1700	Respond to of 2742

Zvi - "unleash it's power." WOuldn't that be nice... Peter

To: Zvi Yammer who wrote (1077)	3/26/1998 2:28:00 PM
From: John Metcalf	Read Replies (3) \| Respond to of 2742

Good thought, Zvi. Would the bankruptcy court have to approve any such settlement? My inexpert understanding is that Grausz' assets should be frozen while the court sorts out his assets and liabilities. In regard to shares out, I thought the sale of WLA's subsidiary's shares reduced outstanding shares to 22mm. Dr. Grausz had nearly 6mm shares, so the total could be reduced to circa 16 million. This does suggest a reason for the company to keep a low profile and tolerate a depressed share price. It is possible that they are playing for the Bankruptcy Court to order Grausz to surrender all or part of his shares in satisfaction of his debt to the company.