XOMA. Bull or Bear? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : XOMA. Bull or Bear?

XOMA 24.97

-2.9%

12:38 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Thomas J Pittman who wrote (10861)	7/22/1999 10:46:00 AM
From: Biomaven	Read Replies (2) of 17367

Hey - the upside of needing to sell stock to raise money is that the underwriters lift up their snouts and say nice things about you. <g> A respectable deal by the way - companies are finally learning that selling straight stock at a reasonable discount is better than the toxic convertible/warrant-laden deals that we often see in the lower tiers. BTW, I very much doubt the purchaser got a peek at the results of the trial. The cynical might even ask why the company would sell stock now at under $6 if they were confident that the trial results would be favorable and they could sell stock at some multiple of that a few months from now. Peter

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next