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Biotech / Medical : Pharmos (PARS) -- Ignore unavailable to you. Want to Upgrade?


To: Tony van Werkhooven who wrote (635)3/11/1999 6:17:00 PM
From: Dr. John M. de Castro  Read Replies (1) | Respond to of 1386
 
Tony, you're absolutely right. But, we are not discussing a redemption within the framework of the agreement. What we're discussing is a deal with the holders to buy back the remaining shares. This could take the form of a company buyback (my idea), an investor sponsored buyback (David's idea), or providing the investors incentive to convert now.

Best regards
John de C