Uncommon investment
Article Abstract:
Shadyside, PA-based Greycourt & Co., an investment-counseling company, opts to concentrate on offering only financial advice to its clients instead of following the lead of majority of money-management and financial-advising firms, which provide financial-product offerings to customers. Greycourt's chief executive and founder, Greg Curtis, reiterated the firm's business formula, citing that it is designed to be completely objective and honest in the financial advise it provides its customers. Curtis also added that Greycourt's compensation from customers is limited to the business fee it charges.
Comment:
Concentrates on offering only financial advice instead of providing financial prods like other money mgrs & financial advisers
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Biocontrol eyes another offering
Article Abstract:
Biocontrol Technology Inc. of Indiana, PA, is proposing to offer $100 million worth of shares in a secondary stock offering aimed to generate funds, according to a filing with the Securities and Exchange Commission. The financially troubled research and development firm is hoping that its shares would sell for around 12 cents each so as to generate proceeds worth up to around $12 million. Biocontrol's financial problems stems from a $24 million loss in 1997, along with an additional $10.2 million loss over the first half of 1998.
Comment:
Is proposing to offer $100 million worth of shares in a secondary stock offering aimed to generate funds
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Payroll woes at Biocontrol
Article Abstract:
Biocontrol Technology Inc. of Indiana, PA, has been unable to meet its payroll obligations. The company, a maker of electrical stimulators and blood glucose monitors that posted a loss of $24 million in 1997, has announced a plan to reduce its workforce by about 30%. Sources said that the firm met with its 140 workers on Jun. 16, 1998, and gave the option of voluntary lay-offs or work without pay, a move that resulted in the immediate resignation of about 40 workers who were not told when they will be paid.
Comment:
Has been unable to meet its payroll obligations
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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