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Biotech / Medical : Repligen Corp (RGEN)

RGEN 162.38

+3.0%

Dec 19 9:30 AM EST

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To: Cheryl Galt who wrote (199)	12/12/1999 10:08:00 AM
From: Curtis E. Bemis	Read Replies (1) of 395

Hi-- You folks have piqued my curiosity about Paramount Capital and I wanted to be on your same wavelength. I just re-read RGENs 10Q filed 11/15/99 and paid special attention to the financial advisory agreement dated 7/15/99. RGEN paid Paramount 100K$ for "services" and issued them warrants to purchase 100K shares at $2.75. In the 10Q, it appears that those warrants are being exercised. I'm guessing that Paramount attempts to find investors for private placement and that Rosenwald is one of them. Have I got it right so far ? As for the aggregate 100K share warrants, they are 10 designees so far, and 5 of them are reportable on SEC S-3's. What have I missed ?

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