Hyal end in sight if debentures unpaid

Article Abstract:

Drug development company Hyal Pharmaceutical Corp of Mississauga, Ontario, is facing possible bankruptcy court protection or liquidation if it fails to pay C$5.2 million to its debenture holders by Apr 30, 1999. The company reported that it did not have enough money to pay the interest and principal on its 12% debentures. The company posted a loss of C$9.8 million, or 33 cents per share, on revenue of C$380,469 for the first nine months of FY98. The company attributed its financial woes to its failure to get a marketing partner for its Solarse topical gel for treating precancerous skin condition resulting from sun exposure.

Hyal Pharmaceutical Corp.

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Governments seduced by gambling revenue

Article Abstract:

Provincial governments get as much as C$4.8 billion in revenue annually from gambling, as gambling-derived government income doubles every five years. Alberta posted the highest percentage of government revenue derived from gambling at 4%, while Ontario topped the list on gross basis with C$1.5 billion although it is the lowest on a per-capita basis. Alberta has also boosted its gambling revenues by 155% to $404 million in the past five years.

Sales & consumption, Legal Gambling, Gambling Industries, Gambling

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Will it fly?

Article Abstract:

Island Plastics of Charlottetown, P.E.I. was the first North American firm to recycle silage wrap by using a specially adapted machinery to produce plastic lumber from the wrap. The firm declined to reveal the model of the machinery and the process involved. Instead of dumping silage wrap for a fee or burning it, farmers are now giving it to Island Plastics for free. At present, 50% to 60% of the collected silage wraps is condemned.

Manufacturing processes, Plastics Material and Resin Manufacturing, Plastic Materials NEC, Polymers, Island Plastics

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