| July 24, 2008 | ||
William J. Kelly, Jr.
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wjkelly@porterwright.com |
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Porter Wright
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VIA EDGAR AND | |
Morris & Arthur LLP
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VIA FAX (202) 772-9366 | |
41 South High Street |
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Suites 2800-3200 |
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Columbus, Ohio 43215-6194
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Russell Mancuso, Esq. | |
| Branch Chief | ||
Direct: (614) 227-2136
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U.S. Securities and Exchange Commission | |
Fax: 614-227-2100
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100 F Street, N.E. | |
Toll free: 800-533-2794
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Mail Stop 6010 | |
| Washington, DC 20549 |
| Re: | Neoprobe Corporation | |||
| Amendment No. 1 to Registration Statement on Form S-1 | ||||
| Filed June 11, 2008 | ||||
| File No. 333-150650 | ||||
| Dear Mr. Mancuso: | ||||
| On behalf of Neoprobe Corporation (Neoprobe or the Company), we have filed simultaneously via EDGAR Amendment No. 2 (the Amendment) to the above referenced registration statement (the Registration Statement), which amendment addresses comments contained in your July 9, 2008 letter to Brent L. Larson concerning the Registration Statement (the Comment Letter). We have also filed via EDGAR a version of the Registration Statement marked to show the changes made by the Amendment. | ||
| This letter is in response to the Comment Letter. For convenience of your review, we have repeated each of your comments in italics immediately above the corresponding response. References herein to the Prospectus are to the Prospectus included as part of the Amendment. | ||
| Selling Stockholder, page 77. | ||
| 1. We note your response to prior comment 12. Please clearly disclose how you calculated the number of shares being registered for resale. For example, it is unclear exactly how many shares you are seeking to register that are underlying each convertible security. | ||
| Response | ||
| In the Amendment, Neoprobe has reduced the number of shares covered by the registration statement to 20,166,666, consisting of up to 8,333,333 shares issuable upon the conversion of the Series B Note, 8,333,333 shares issuable upon and the exercise of the Series X Warrant, and up to 3,500,000 shares issuable as interest on the Series A and Series B Notes (see Acquisition of Common Stock by Selling Stockholder, at page 72 of the Prospectus). | ||
| 2. We note your disclosure on page 72 regarding lack of liquidated damages under the registration rights agreement. With a view toward disclosure, please |