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   Biotech / MedicalQGLY - Tech Talk, Innuendo, & Anything Goes


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To: erin4 who wrote (46)10/19/1997 7:22:00 PM
From: Gary Clarke
   of 53
 
All we need now is a RE-RUN of the 20/20 show and there will be another shortage of supplies. Gary

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To: erin4 who wrote (46)10/19/1997 9:19:00 PM
From: ralph keating
   of 53
 
Sands brothers & Co., LTD was to provide investment
banking services to qgly. the agreement was oct 1,1996
I guess george longo was not around to veto that plan.

from 10-QSB
On October 1, 1996, the Company entered into an agreement with Sands Brothers
& Co., Ltd, ("Sands") to assist the Company raise additional capital and to
provide other investment banking services. For this service, Sands received
800,000 warrants at an exercise price of $1.75. Subsequently, this contract,
was modified in November 1996, and stipulated Sands had the conditional right
to purchase, at $10 per share, 200,000 shares of the Company's stock, for
every million dollars they identify for the Company in a private placement of
the Company's Stock pursuant to Regulation D. The Company desired that the
private placement was not to exceed $10 million. During the first quarter of
1997, the Company decided not to pursue a private placement offering.
Therefore, the aforementioned possible additional warrants for Sands will not
materialize.

However, in order to terminate this arrangement with Sands, the Company issued
to Sands 350,000 additional warrants to purchase the Company's stock at $10
per share. Accordingly, a provision for loss of $700,000 ($417,000 net of
taxes) for a total of 1,150,000 warrants issued to Sands, and other expenses
expected to be incurred, was charged against earnings.

ralph :>

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To: ralph keating who wrote (48)11/6/1997 8:09:00 AM
From: erin4
   of 53
 
Last night on the NBC Brokaw news Coldeeze received a favorable report on the effectiveness of Zinc Gluconate for colds

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To: erin4 who wrote (49)11/12/1997 10:04:00 AM
From: erin4
   of 53
 
Great earnings $.27 cents vs expected $.17 cents. Hopefully the market will respond ..

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To: erin4 who wrote (50)11/12/1997 10:26:00 AM
From: Gary Clarke
   of 53
 
May have to wait a day or two for stock to receive the credit it is due because of Asian problems affecting the entire market. Gary

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To: Gary Clarke who wrote (51)11/12/1997 3:51:00 PM
From: ralph keating
   of 53
 
could this be the sb2?

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To: ralph keating who wrote (52)11/12/1997 9:46:00 PM
From: erin4
   of 53
 
What is the sb2????

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