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Monday, 06/29/2015 8:59:16 AM

Monday, June 29, 2015 8:59:16 AM

Post# of 282
KIPS quits. Liquidation

Kips Bay Medical Announces an Orderly Wind Down of Operations With the Termination of eMESH I Clinical Feasibility Trial

http://finance.yahoo.com/news/kips-bay-medical-announces-orderly-124920807.html

The Company cannot determine with certainty the amount of any liquidating distribution to its stockholders and it is possible that there will be no liquidating distribution to stockholders. The amount of any cash distributed to its stockholders will depend upon, among other things, the Company's current liquid assets offset by its known and unknown liabilities as well as operating expenses associated with the dissolution.

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