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Biotech / Medical : Biotech Valuation
CRSP 55.15+2.5%Jan 5 3:59 PM EST
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To: sammaster who wrote (6146)4/12/2002 8:29:11 AM
From: tom pope   of 52153
 
i'm surprised that sepr didnt just sell shares for cash during the biotech bubble like mlnm abgx and others, instead of using converts and now have to pay interest

They probably thought they were effectively issuing new shares, and above the then current market. No reason to think they weren't caught up in the bubble too.
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