Just in case you’d forgotten, the Wayne, Pennsylvania company Information Systems Acquisitions Corp that is to acquire X-terminal builder Human Designed Systems Inc (CI No 2,560) is the one that took its shareholders on a remarkable magical mystery tour: it filed to offer 2,000 units at $6 a time in January 1993 (CI No 2,083), telling prospective shareholders only that it intended to acquire an operating business in the information systems industry; it has taken almost two years, but it has finally fulfilled its promise, and the arrangement enables Human Designed to go public by the back door; Safeguard Scientifics Inc held 28% before the public offer but was heavily diluted after the flotation and now its stake will be even further diluted.
