Paramount/Aries, the same group that has been very patiently gobbling up all the Genta (GNTA) stock it can without moving the stock price too much, is doing the same thing with Endorex (DOR), witness the following article from today's Dow Jones Newswire:
Endorex Corp. Dow Jones Newswires -- May 5, 1999 Paramount Grp/Endorex Corp. -2: Holds 4.1M Common Shares
WASHINGTON (Dow Jones)--A group including Paramount Capital Asset Management Inc. raised its stake in Endorex Corp. (DOR), formerly ImmunoTherapeutics Inc.
In a filing Wednesday with the Securities and Exchange Commission, the group said it currently holds 4.1 million common shares of the Lake Forest, Ill., company.
Check out the purchasing pattern at biz.yahoo.com
In the case of Genta, this buying pattern by the smart money has been a great predicter of future stock price increases. Will history repeat itself with Endorex?
Marc |