CYTR: CytRx Corporation Message Board

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Biotech / Medical : CYTR: CytRx Corporation

CYTR 0.0920

0.0%

Oct 5 5:00 PM EST

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To: mlkr who wrote (44)	2/4/2009 5:27:42 PM
From: tuck	Read Replies (2) of 51

No, the warrant is for 800,000 shares. Vests in quarterly chunks, so they can't exercise and run right away. I think a contract from Goldman would be less onerous in dilution, but CYTR isn't exactly a Goldman caliber client, is it? Legend is getting the warrant at an almost all time low exercise price. I'd love to hear what the Legend people are supposed to do. Shop the company to another company? Do a boiler room pimping operation to orphans and widows? I suspect the latter, as no PR concerning strategic initiatives has been put out. I hereby invite management to put these fears to rest. Cheers, Tuck

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