someone is accumulating.. just took a starter at .01
Outstanding Shares: 18,288,835 as of 2001-11-13
Estimated Market Cap: Not Available
Current Capital Change:
Note=3-00 company filed a under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division. Case No. SA00-12031RA. Plan of Reorganization effective 10-9-01: shareholders will receive any remaining cash & assets after creditors have been paid
September 28, 2000
PREMIER LASER: SurgiLight to Purchase Ophthalmic Laser Division
Premier Laser Systems, Inc. (OTC: PLSIQ) and SurgiLight, Inc. (OTC Bulletin
Board: SRGL) announced that they have signed an agreement under which
SurgiLight will acquire Premier's ophthalmic laser division. SurgiLight,
based in Orlando, Florida, will acquire the intellectual property and
inventory from Premier. Under the terms of the agreement, SurgiLight will
close this transaction prior to the American Academy of Ophthalmology (AAO)
in the third week of October.
J.T. Lin, Ph. D., Chief Executive Officer of SurgiLight, said "We believe
this is an extremely important milestone in the growth and development of
Michael J. Quinn, President and Chief Executive Officer of Premier, said
"We are pleased to be selling the ophthalmic laser technology and inventory
to SurgiLight. The sale of the combined assets enables Premier to obtain
optimum value for its stakeholders."
The transaction between the parties is a culmination of a month long series
of negotiations involving two separate suitors for control of Premier's
ophthalmic laser division. The Magnum Group, Inc. of Tiburon, California,
financial advisors to Premier, managed these negotiations. Randy McDonald,
Managing Director for Magnum stated "We are confident that we have
negotiated a deal that maximizes the asset value of Premier' ophthalmic
lasers. In addition, we believe that SurgiLight will maximize these assets
and immediately enter the market with this important technology."
The transaction is subject to customary closing conditions, and approval by
the bankruptcy court in which Premier's Chapter 11 case is pending.
Premier had never formally commercialized Premier's ophthalmic laser
product line. Premier was pursuing approvals to use the technology in the
treatment of glaucoma and cataracts.
was about $1 when it went bk .. or at least that's what i gather from the chart below