[CANSLIM] AAII

From: "Tim Fisher" <Tim@orerockon.com>
Subject: [CANSLIM] AAII
Date: 6 Apr 2002 04:11:29 -0800

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Friday April 5, 1:51 pm Eastern Time

Reuters Securities
AaiPharma files to sell 1.5 mln shares

WASHINGTON, April 5 (Reuters) - Drug research firm AaiPharma Inc. (AAII - 
news) on Friday filed with the U.S. Securities and
Exchange Commission to sell 1.5 million shares of common stock.

The Wilmington, North Carolina-based company said it plans to use the 
proceeds from the offering to reduce outstanding credit facilities.

The prospectus also includes about 1.1 million more shares to be sold by 
selling stockholders. The company said it will not receive any proceeds 
from these
shares.

There will be about 19.5 million shares to be outstanding after the 
offering, according to the SEC filing.

Its shares were down $2.61, or 8 percent, at $29.89 in early afternoon 
trading on Nasdaq.

Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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