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Biotech / Medical : ArQule
ARQL 20.000.0%Jan 16 4:00 PM EST

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To: Mike Winn who wrote (58)4/7/1997 11:04:00 AM
From: Dr. John M. de Castro   of 399
 
I'm surprised that they were willing to go forward at $12. My broker at H&Q had told me that they would probably withdraw it. Given their business plan, the money will be well spent. I would have waited for a better deal. Any thoughts as to why ARQL would take $12?

John de C
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