NEOTHERAPEUTICS (NEOT) (NEOTW) Message Board

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Microcap & Penny Stocks : NEOTHERAPEUTICS (NEOT) (NEOTW)

NEOT 1.919

+4.3%

Jan 17 4:00 PM EST

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To: Marty who wrote (680)	7/11/1999 1:30:00 PM
From: Marty	Read Replies (2) of 705

Last month I posted an view that "Big institutions can't take a position in a company with so few shares outstanding. Getting more shares in the float makes NEOT eligible for institutions that may have wanted to take a position but couldn't with so few shares in the float. Even so, NEOT will still have fewer shares in the float after the secondary offering than most other comparable companies" Now I find a kindred spirit in a fund manager, who says pretty much the same thing in a new article. beta.siliconinvestor.com Basically, the article says that "Kern argues that one of the reasons fund managers have been cool toward smaller stocks is the difficulty of buying or selling the shares in quantity without affecting the price. But now institutional investors have come to embrace the secondary as a way to buy the stock in size." The more I think about it, the more I think that the secondary is going to be a very good thing for the company. I'd rather own one ten millionth share of a pie worth 50 million dollars bigger than the pie I had a one six and a half millionth share of. Which is kind of a convoluted way of looking at it (and saying it) but the math is good.

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