SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant |_|
Filed by a Party other than the Registrant |X|
Check the appropriate box:
|_| Preliminary Proxy Statement
|_| Definitive Proxy Statement
|X| Definitive Additional Materials
|_| Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
Cortech, Inc.
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(Name of Registrant as Specified In Its Charter)
Asset Value Fund Limited Partnership
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(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
|_| $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1) or 14a-6(j)(2).
|_| $500 per each party to the controversy pursuant to
Exchange Act Rule 14a-6(i)(3).
|_| Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
|X| No fee required
1) Title of each class of securities to which transaction applies:
Common Stock
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2) Aggregate number of securities to which transaction applies:
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3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11:*
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4) Proposed maximum aggregate value of transaction:
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|_| Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the form or schedule
and the date of its filing.
1) Amount previously paid:
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2) Form, Schedule or Registration No.
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3) Filing party:
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4) Date filed:
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___________
*Set forth the amount on which the filing fee is calculated and state how it was
determined.
(032796DTI)
<PAGE>
ASSET VALUE FUND LIMITED PARTNERSHIP
376 Main Street, P.O. Box 74
Bedminster, New Jersey 07921
(908) 234-1881
(Call Collect)
Dear Fellow Stockholder:
On behalf of Asset Value Fund Limited Partnership I thank you for sending
in your proxy for the Annual Meeting of Stockholders of Cortech, Inc., to be
held on September 4, 1998.
To avoid any possible dispute as to the validity of your proxy for the
reason(s) stated below, we are requesting you to date, sign and mail the
enclosed new GREEN proxy ballot with the correction indicated below. The
enclosed new GREEN proxy ballot, which automatically revokes any previous proxy,
should be returned to us in the postage paid envelope provided for your
convenience.
____ YOUR PREVIOUS PROXY WAS UNSIGNED. (If signing as attorney, executor,
administrator, personal representative of the estate, corporate
officer, partner, trustee, custodian or guardian, please sign and
give your full title as such.)
____ YOUR PREVIOUS PROXY WAS UNDATED. (Please sign and date to conform to
the name shown upon the proxy.)
____ YOUR PREVIOUS PROXY WAS NOT SIGNED BY ALL JOINT OWNERS OR TRUSTEES.
(If shares are registered in the name of more than one person, each
person should sign the proxy. If a joint tenant is deceased, please
indicate that you are the surviving joint owner. If a tenant-in-
common is deceased, the proxy should also be signed by the executor
or administrator of the deceased tenant-in-common, and a copy of
proof of such person's status as executor or administrator should
be sent with the proxy.)
____ YOUR PREVIOUS PROXY OMITTED YOUR TITLE OR AUTHORITY. (If signing as
attorney, executor, administrator, personal representative of the
estate, corporate officer, partner, trustee, custodian or guardian,
please sign and give your full title as such.
____ YOUR PREVIOUS PROXY, AS SIGNED, DID NOT CONFORM TO THE NAME SHOWN ON
THE PROXY. (Please date and sign the proxy EXACTLY as the
registration appears on the proxy card, including your full title if
signing other than in an individual capacity.)
____ YOUR PREVIOUS PROXY, AS MARKED, DID NOT CLEARLY SPECIFY YOUR VOTING
INSTRUCTIONS. (Please sign, date and clearly mark your proxy.)
____ Other._______________________________________________________________
_______________________________________________________________
Since the Annual Meeting is to be held on September 4, 1998, we would
greatly appreciate your signing, dating and mailing this new GREEN proxy ballot
as soon as possible. Please mail it in the envelope provided for your
convenience.
Sincerely,
ASSET VALUE FUND LIMITED PARTNERSHIP
John W. Galuchie, Jr.
<PAGE>
ASSET VALUE FUND LIMITED PARTNERSHIP
376 Main Street, P.O. Box 74
Bedminster, New Jersey 07921
(908) 234-1881
(CALL COLLECT)
Date
Dear :
It was good to speak with you yesterday. Enclosed are all the materials
which were erroneously sent to your old address.
We sure would appreciate your support. If you agree with our position,
please return the signed GREEN proxy ballot in the postage paid, self-addressed
envelope which we have enclosed for your convenience.
If you have any questions, please call me collect at the number indicated
above.
Sincerely yours,
ASSET VALUE FUND LIMITED PARTNERSHIP
Enclosures
<PAGE>
ASSET VALUE FUND LIMITED PARTNERSHIP
376 Main Street P.O. Box
Bedminster, New Jersey 07921
(908) 234-1881
(CALL COLLECT)
Date
Dear :
Thank you for your telephone call yesterday. As requested, enclosed is a
complete set of materials regarding Cortech, Inc.
If you have any questions, please call me collect at the number indicated
above.
Sincerely yours,
ASSET VALUE FUND LIMITED PARTNERSHIP
Enclosures
<PAGE>
ASSET VALUE FUND LIMITED PARTNERSHIP
376 Main Street P.O. Box 74
Bedminster, New Jersey 07921
(908) 234-1881
(CALL COLLECT)
Date
Dear :
Pursuant to your request, please find enclosed our GREEN proxy ballot to be
signed and returned in the self-addressed envelope provided.
If you should have any further questions, please do not hesitate to call
collect at the number listed above.
Sincerely yours,
ASSET VALUE FUND LIMITED PARTNERSHIP
Enclosures
<PAGE>
ASSET VALUE FUND LIMITED PARTNERSHIP
376 Main Street P.O. Box
Bedminster, New Jersey 07921
(908) 234-1881
(CALL COLLECT)
Date
Dear :
In the past few days Asset Value Fund Limited Partnership, mailed materials
to stockholders of Cortech, Inc.
I have tried to reach you on the telephone without success. I would very
much like to discuss these materials with you. I would appreciate it if you
would call me collect at the number listed above.
Sincerely yours,
ASSET VALUE FUND LIMITED PARTNERSHIP
<PAGE>
ASSET VALUE FUND LIMITED PARTNERSHIP
376 Main Street P.O. Box 74
Bedminster, New Jersey 07921
(908) 234-1881
(CALL COLLECT)
Date
Dear :
We understand that you are supporting the management of Cortech, Inc., in
the current proxy contest. Asset Value Fund Limited Partnership would like an
opportunity to discuss with you the proxy materials you received from us and our
position as contained in those materials. We may not be able to change your
mind, but at least we will have had a chance to talk things over with you.
I would appreciate it if you would call me collect at the number listed
above. Thank you in advance for your time and consideration.
Sincerely yours,
ASSET VALUE FUND LIMITED PARTNERSHIP
