Micrologix biotech Message Board

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Biotech / Medical : Micrologix biotech

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To: Pete who wrote (572)	9/14/1999 12:39:00 PM
From: Graham Dellaire	Read Replies (1) of 792

According to the latest information the float is ~54 million shares... 100,000 shares short is really insignificant overall, but can affect a daily price if all the shares were re-bought (i.e. MBI goes up dramatically) in one day. The big affect comes from the small volume of shares usually traded each day (avg of 23,000 or something see below). FYI... TD has a more moderate price goal of 4.50 over the next 12 months (From May 14th which is before the recent fast-track announcement). That is probably closer to reality unless a big pharma partnership is announced to market and distribute MBI 226 within that time period. Cheers all and happy investing... Graham P.S. did anyone remember me recommending Affymetrix last year? It was 16 a share, now it is 112!!! US$

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