Life Medical Sciences (CHAI) for Hair Regrowth? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Life Medical Sciences (CHAI) for Hair Regrowth?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gregory Messenger who wrote (1142)	3/8/2000 5:54:00 PM
From: Marc D.	Read Replies (1) of 1152

Greg, Warrants are nowhere near at-the-money. They were never actually re-priced. They are still at $8.40 and $12.60. And this is a great thing for us. I agree that MMs are scrambling for shares right now, contributing to the rise. (Note that the Bid is often higher than the Ask, trying to shake out shares) BUT, if the warrants were still available at $1.2, there'd be basically an unlimited amount of stock available for the MMs there, and the stock would stall just above that price. They'd just play the arbitrage game. -M P.S. The '99 10-k filing by CHAI includes: As an intended means of raising additional financing to fund the growth of CLINICEL sales and the product development programs, the Company filed, on July 30, 1998, a registration with the Securities and Exchange Commission(SEC) covering a proposed reduction in the exercise prices of its Class A Warrants (Nasdaq NM:CHAIW) and Class B Warrants (Nasdaq NM:CHAIZ), both of which were scheduled to expire on September 21,1998. Although this registration statement was declared effective by the SEC, the Company did not proceed with the offering due to unattractive market conditions for its securities.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next