CEPH Message Board - Msg: 1186361

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Biotech / Medical : CEPH

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To: Rohit Nanavati who wrote (96)	4/14/1997 10:57:00 AM
From: Hedge	of 998

Rohit, It is very possible that no premium would be left after May 8 if there is no recomendation for approval. In fact, I wouldn't be surprized if they become worthless. If there is some value left I will then roll forward. My belief is that there is a 75% chanch for approval on May 8th. More importantly, there is a preview of test information comming on April 16th I believe that the game will be half over then. I think that the results will be dramatic and have a big impact on the stock at that point. Anyone that wants to be long CEPH or the Calls should be in place before Wednesday. Good Luck! Mark

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