Published in Cardiovascular Business Week, October 26th, 2004
The company also announced that most of its indebtedness to related parties has been converted to equity at a premium to the current market price. This conversion eliminates approximately $8 million of debt, resulting in a debt-free balance sheet, except for trade debt in the ordinary course of business.
These two transactions (details to be described in a formal 8-K filing) will enable the company to...
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