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Biotech / Medical : ARIAD Pharmaceuticals
ARIA 23.990.0%Feb 17 4:00 PM EST
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To: Biomaven who wrote (725)10/12/1999 11:03:00 AM
From: LLCF  Read Replies (1) of 4474
 
<I should emphasize again that the 5% restriction is meaningless - they don't exercise and hold, they sell and then exercise. They never even reach 1%.>

Correct me if I'm wrong.. but I think I heard of situations where a stock was beaten down to like .30 and the convert took 1/2 the company or something... my point is this can't happen here. My nightmare scenario was a 1/8 trade during tax selling and they took 40 million shares. I believe there are people who would do that if they could, you may be right and they don't, I don't know these people.

DAK
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