Cell Genesys (CEGE) Message Board

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Biotech / Medical : Cell Genesys (CEGE)

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To: Gemini who wrote (979)	7/10/2000 9:56:26 PM
From: Mama Bear	Read Replies (1) of 1298

ABGX shares are not cash equivalents. There would be income tax to pay as they are pretty close to out of NOL's because of the sale of ABGX shares earlier this year, there would be transaction fees, and it would be necessary to discount them to the market. There would also likely be some pressure on ABGX shares leading up to the sale. A trade like that doesn't go off at the click of a mouse. Also, I believe you counted ABGX twice, as the $587 million figure includes that stake, at 3/31/00 value. You also can't forget to include the debit side of the balance sheet in your calculations. edgar-online.com Regardless, it is still a very healthy balance sheet for a young company. Regards, Barb

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