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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks

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To: Elroy who wrote (1409)	3/28/2009 6:21:00 PM
From: stock leader	of 1931

some nice shareholder activism going on.... more coming.... "SAN FRANCISCO, March 27 /PRNewswire/ -- Biotechnology Value Fund, L.P. ("BVF"), today announced that stockholders of Avigen (Nasdaq: AVGN - News) voted overwhelmingly to remove the existing Board of Directors of Avigen and replace them with BVF's nominees. The vote took place earlier today at the special meeting of Avigen stockholders called by BVF. The preliminary vote count was approximately 58% in favor of removing Avigen's entire Board and 12% against removal.

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