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Biotech / Medical : Cell Genesys (CEGE)

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To: Ken Reidy who wrote (650)12/16/1999 7:40:00 PM
From: PDL  Read Replies (1) of 1298
 
Ken, I may have made the move in October -- put the proceeds into GBLX at $25... added some more at $35 in November. It's now moved to $52 today. I'm still disappointed, however, because my position in CEGE had been in place for a number of years... When it was finally ready to fly (and the underlying value was so apparent), the Board sells out for a pittance (sp?) of a premium. I don't recall how much of the stock is controlled by management, but from my point of view, they certainly didn't represent the shareholders well in those buy-out negotiations.

Good luck and have a great holiday.

-- PDL
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