Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.730

+10.2%

Nov 11 3:57 PM EST

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To: BDR who wrote (2564)	7/29/1999 10:53:00 PM
From: BDR	Read Replies (3) of 10293

A little dilution at a discount, warrants at a premium (raising $25 million). Anyone make anything of this? EntreMed, Inc. Completes Private Placement to Support Clinical Development of Angiogenesis Inhibitors newspage.com "In the private placement, the Company issued shares of common stock and two series of warrants. The Company issued shares of common stock at a 7.5% discount to a five-day averaged market price. The two series of warrants have an exercise price at a significant premium to the present market price and may be called by the Company if the market price for the common stock reaches certain levels." This follows the registration on 7/7/99 of 953,751 shares for sale by, I gather, mostly insiders. freeedgar.com

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