ARIAD Pharmaceuticals Message Board

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Biotech / Medical : ARIAD Pharmaceuticals

ARIA 23.99

0.0%

Feb 17 4:00 PM EST

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To: Biomaven who wrote (718)	10/12/1999 10:54:00 AM
From: LLCF	Read Replies (1) of 4474

<I bought some this morning at around $1. The floorless will soon be behind us - only question is how many million shares they will end up with.> This is what we needed... the convert's will have to exercise a slug on this move... of course they will be in the market shorting today IMO, but if it get's rid of it, that's great... expensive as it may be [the company will have to sell stock @ 5/8 tonight... OUCH]. < restrict a holder from converting shares of Series C Preferred Stock to the extent that such conversion would result in any holder holding more than 4.99% of the then issued and outstanding shares of common stock> This is very important indeed IMO... it keeps them from stealing the company as I has speculated in any event... isn't 5% the threthold for filing with the SEC?? DAK

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