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Biotech / Medical : Cadus Pharmaceutical Corp. (KDUS)
KDUS 1.6000.0%Jul 2 5:00 PM EST

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To: tuck who wrote (141)3/25/2000 6:48:00 PM
From: scaram(o)uche  Read Replies (2) of 1833
 
>> This 13D/A seems to be their annual disclosure to the effect that they own 15.x% of the stock. During '99 BMY seems to have stood pat. I didn't see any lanaguage that was nonstandard. <<

How can it be routine when the letter of agreement is dated 3/23/99? Nonstandard? I've never seen a disclosure like this one. Why would they sign, far after taking the position and if they didn't plan to sell, a letter like this one? Yes, they stood pat in '99.

>> Considering that the stock is still something like a factor of twenty over its 52 week low, it seems as though the bottom could still be a ways off, percentage-wise. <<

There are many ways to respond.......

1. I sincerely hope so.

2. Why is this more likely than a double or triple, near-term, on KDUS- or Axiom-related news?

3. Someone was stupid enough to hand me five dollar bills, a couple of months ago, for two bits each.
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