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Biotech / Medical : Sepracor-Looks very promising
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To: Neuroguy who wrote (2223)4/2/1999 2:54:00 AM
From: quidditch   of 10280
 
Neuroguy:

<Is this a split, or an issuance of shares for private placement? Somebody have some
ideas here? >

The explanation set forth in the preliminary proxy material is standard, boiler-plate set of possible purposes for authorization of the increase. On a rough calculation, with approximately 45m shares outstanding (fully diluted), there are not enough authorized shares for a 2 for 1 split. My guess would be, yes, this is in anticipation of a split. However, given SEPR's recent increasing appetite for cash, one could not rule out a PP or other financing either.
Regards. Liacos_samui
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