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Biotech / Medical : INVI Invitro International -- Ignore unavailable to you. Want to Upgrade?


To: Justin Step who wrote (358)4/2/1998 1:02:00 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 486
 
Justin, how many people did you see working in the lab? I understand that Rich even helps with packing and shipping. Not a healthy sign IMO. I love what this company does, but nice doesn't necessarily equate to stock appreciation. I think this stock was the equivalent of $25-40 one time. The price is now $0.10, that's what the market thinks of INVI today. I play the pennies enough to see the pump and dump plays on distressed companies. IMO we don't need the claims of INVI becoming the next Microsoft that we see on this thread, it only hurts new shareholders that expect an honest appraisal for potential. Having said that, I did buy more today.



To: Justin Step who wrote (358)4/2/1998 1:20:00 PM
From: Coral4pH_dot_com  Read Replies (2) | Respond to of 486
 
I have expressed to InVitro International my huge concerns regarding the slaughtering that will take place on our INVI share value if the merger takes place. We will receive 10% of the "combined" new company. That means a 10-1 reverse split. (The ONLY split that will be successful is when ENVP splits as the ENVP ticker is being purchased by a LARGE non-public company for reasons of going public sooner and without all of the paperwork hassles.)

Anyway, I have expressed my concerns to InVitro International. I was told that many other shareholders have expressed the same concern, but that is the best they can do for us.

Possibilities:

1) The merger takes place with Miragen ... a company that is even smaller than InVitro. You can't get much smaller than 6 people (at least it was 6 people almost a year ago at InVitro - it might be less by now). I would much rather see them merge with a larger company. InVitro said that Miragen is their "best" candidate for a merger, yet Miragen cannot come up with financing. Again, we will see a 10-1 reverse split which has already been stated by InVitro in a press release.

2) No merger. This is even worse...

I sure hope InVitro has a third alternative!