My understanding is that Bios would remain as a holding company;
there are debts to pay off. The employee stock will most likely stay
with that holding company and will not be in play. The holding
company would almost certainly have to retain some IP in order to
pay down that debt, though one hopes for some dividends from the
spinoffs. That way, the employee shares might be worth more, whereas
if they just sold everything outright, we'd only get something after
the debts were paid and the preferred stock holders got paid.
The fate of the Santa Fe office is still unknown. Part of it
depends on whether they can lure any of the remaining scientists
to Charlotte. NT will be in Santa Fe evaluating the place for
the next several days. My own eval is that this is not entirely
a done deal yet. The folks I've talked to still are uncertain as
to what might happen to the DC office.
-----Original Message-----
From:
[hidden email] [mailto:
[hidden email]]On Behalf
Of Dr. Richard Cassin
Sent: Friday, January 31, 2003 3:08 PM
To:
[hidden email]
Subject: RE: [Friam] Bios to be sold to Nutech?
*** 2/7 meeting place is undecided ***
It's almost certainly an IP buyoff, but it's not clear whether or not
anything will stay
here.
-----Original Message-----
From:
[hidden email] [mailto:
[hidden email]]On Behalf
Of Owen Densmore
Sent: Friday, January 31, 2003 3:03 PM
To:
[hidden email]
Subject: Re: [Friam] Bios to be sold to Nutech?
*** 2/7 meeting place is undecided ***
Does this mean Bios will still exist here in Santa Fe? .. or is this a
IP buy-off.
Owen Densmore 451 Camino Don Miguel Santa Fe, NM 87505
[hidden email] http://backspaces.net/ 505-988-3787 Cell:
650-796-0652
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