Guided Therapeutics pulls trigger on 1-for-800 reverse stock split

Guided Therapeutics (OTC:GTHP) said today that it pulled the trigger on a 1 for 800 reverse split of its stock, effective March 29. The Norcross, Ga.-based company said that its shareholders approved the reverse split last October. Through the deal, each shareholder of Guided Therapeutics will receive a single share of the company’s common stock for each 800 they previously held. Guided Therapeutics said it also cleared out variable rate convertible loans with three lenders and reached preliminary agreements with two other lenders to exchange variable rate convertible notes for cash and fixed rate equity once “a significant financing of the company occurs.”As a result, two lenders agreed to suspend conversions, the company said. “Eliminating variable rate convertible notes and the debt that comes with it has been a priority of Guided Therapeutics. We believe that both of these steps will make the company more attractive to investors, as well as our previously reported expectation of higher revenues due to increased sales in China, Russian/Eastern Europe and Indonesia. In addition, the reverse split will allow the company to uplift to the OTC Bulletin Board and help make the company more financeable,” prez &CEO Gene Cartwright said in a press release. Last April, Guided Therapeutics said that it signed a Turkish license agreement with Item to manufacture its single-patient-use Cervical Guides in Turkey. The post Guided Therapeutics p...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Wall Street Beat Guided Therapeutics Inc. Source Type: news

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Source: Expert Review of Molecular Diagnostics - Category: Laboratory Medicine Tags: Expert Rev Mol Diagn Source Type: research
CONCLUSIONS: The rate of incidental DT during decompression for LSS with and without fusion in ≥3 levels was associated with BMI and previous surgery at the same spinal level. Invasivness (SII) is valid rather for variables proper to surgery such as bledding and Op-time but no with incidence for DT and subsequent CSF-leackage. PMID: 31601067 [PubMed - as supplied by publisher]
Source: Journal of Neurosurgical Sciences - Category: Neurosurgery Tags: J Neurosurg Sci Source Type: research
Authors: Visocchi M, Mattogno PP Abstract PMID: 31601066 [PubMed - as supplied by publisher]
Source: Journal of Neurosurgical Sciences - Category: Neurosurgery Tags: J Neurosurg Sci Source Type: research
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Source: Journal of Neurosurgical Sciences - Category: Neurosurgery Tags: J Neurosurg Sci Source Type: research
Authors: Godano U Abstract PMID: 31601064 [PubMed - as supplied by publisher]
Source: Journal of Neurosurgical Sciences - Category: Neurosurgery Tags: J Neurosurg Sci Source Type: research
Source: Sensor Letters - Category: Medical Devices Authors: Tags: Research Articles Source Type: research
Source: Sensor Letters - Category: Medical Devices Authors: Tags: Research Articles Source Type: research
Source: Sensor Letters - Category: Medical Devices Authors: Tags: Research Articles Source Type: research
Source: Sensor Letters - Category: Medical Devices Authors: Tags: Research Articles Source Type: research
Source: Sensor Letters - Category: Medical Devices Authors: Tags: Research Articles Source Type: research
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