XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 25.66

+2.8%

Jan 30 9:30 AM EST

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To: Bluegreen who wrote (11251)	8/16/1999 10:33:00 PM
From: Edward Paule	Read Replies (2) of 17367

>>>> I still can't believe some think Xoma could say more than they did at this point in time! <<<< On what page, of what legal document does it say that Xoma cannot say anything specific until it talks to the FDA? I've had the unfortunate experience of being a member of several class action lawsuits. Each of these were biotech companies that tanked after disappointing news was released (Synergen, Centocor, Immunex, Chiron). Some of these later recovered; but that's irrelevant. All these lawsuits read the same. When did management "know" there was bad news, and when did they "tell" the public. When these dates aren't close together (days), that spells lawsuit. Members of the class become those that bought the stock in between the "know" and "tell" dates. Basically, anyone buying stock during that timeframe should have known the bad news but didn't because of management's failure to communicate it in a timely manner. If Xoma "knows" now and doesn't "tell" until October, and Xoma tanks as a result, then everyone who buys between tomorrow and October could very well be members of a class action lawsuit. I, of course, do not want to see this happen. So I'll ask again: What legal document states that Xoma can't tell now? - Ed

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