OSI Pharmaceuticals (OSIP) - formerly Oncogene Message Board

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Biotech / Medical : OSI Pharmaceuticals (OSIP) - formerly Oncogene

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To: Miljenko Zuanic who wrote (96)	2/25/2000 11:07:00 PM
From: LLCF	Read Replies (1) of 447

<Why company sold shares almost for free? At ~50% discount to market!> <raise $56 million in gross proceeds through a private sale of 3.325 million newly-issued shares > sold stock @ $18 pre-fees? 32% discount to $25, or 26% discount to average of the last 5 closes, if you go back further [10 days] it looks awful good... I'm sure the buyers talked about how volatile and risky the stock has been! DAK PS... perhaps we know why the stock traded all the way back to $17 and change the other day now.

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