Biotech for less than a buck. Message Board

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Biotech / Medical : Biotech for less than a buck.

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To: Mike McFarland who wrote (168)	11/16/1999 3:45:00 PM
From: biowa	Read Replies (1) of 743

Mike, <<Sometimes these placements seem kinda stinky and dilutive, sometimes they're a signal that smart money is getting in. Damned if I know how to tell the difference.>> If someone else buys it at a discount its stinky and dilutive, if we do it's smart money. Wait, maybe its the other way around. <g> Slightly OT (not less than a buck), interesting mechanics around the MMP Series A private. They raise $20MM in July in a fixed convert at 9 and change, then force a convert with the stock rising like a rocket through 14-15. Now that was SMART money (and the co. must think the stock is going higher fast) but not as smart as the money that got in on a private at the beginning of this month with a fixed convert of 8 and change. Wow!! biowa

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