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Biotech / Medical : Summit Technology (BEAM) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Williams who wrote (1176)4/8/1999 3:00:00 PM
From: Joe  Read Replies (1) | Respond to of 1386
 
Try going to Edgar. Summit sold their centers to LCAV and hence their large holding of LCAV shares. The stock will need to be registered and a call to investor relations confirms they have no plans to sell it.

I am long in both and if BEAM sold LCAV shares, it will have consequences on my LCAV holdings.

Joe



To: Larry Williams who wrote (1176)4/9/1999 10:53:00 AM
From: GM  Respond to of 1386
 
It is in the Reporting information. When they sold the Vision Centers they received 16 million shares. 7 million were distributed to Beam Shareholders at that time, so I received a few. They kept 9 million shares on the books. With LCAV up almost 1 buck today to 6, this investment is worth over 50 million. It's a hidden gem.



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