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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (2004)	5/7/1999 5:17:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 4766

From today's 8k filing for BIPL, this is why they are a cash cow>> And nice gain on XSNI! ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On April 5, 1999, Registrant ("Biopool International, Inc." or "BII") entered into a definitive agreement to sell certain assets of its BCA Division ("BCA") located in West Chester, Pennsylvania, to Immucor, Inc. ("Immucor") of Norcross, Georgia. The transaction closed effective April 30, 1999. There was no prior relationship between Immucor or any of its officers, directors or affiliates, and the Registrant and any of its officers, directors or affiliates. The transferred assets consist of inventory, accounts receivable and certain intellectual property of BCA. The purchase price was $4.5 million, payable in cash. The Registrant retains ownership of the plant, property, and equipment in the West Chester, Pennsylvania, facility and will operate the facility on behalf of Immucor during the transition period. With this cash sale, the Registrant expects to generate a significant amount of liquidity, which will position the Registrant to take advantage of acquisition or investment opportunities to facilitate growth in the Registrant's core business segment.