Biotech Lock-Up Expiration Hell Portfolio Message Board

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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (179)	6/24/2001 3:02:54 PM
From: tuck	Read Replies (2) of 1005

Please excuse the typos in the last post; I was racing to beat the edit deadline for some silly reason. Anyhow, here's a GNVC chart from the June 11th unlock date onward: siliconinvestor.com We know that on the 11th, Canaan added 179,470 shares to the float. We've had three pretty big days since then, so I'm guessing the float is now in the neighborhood of 4.5 million. Note the somewhat different tone of the subsequent days. The 12th, another morning dump. But then a sneaky move at the end of lunch hour, not changing the price much. You see a couple more of these end of day volume spikes with comparatively little price movement, and BLUE HP has bought just in front of the latest one. Is it just in front of institutions? A portfolio manager can only hope. Will the recent spate of presentations bring partners to the table for any of the gene therapy companies? I'll be watching. GNVC made a wide splash at ASGT, but I'm not qualified to say how deep. I'll ask if my acquaintance's opinion of their viral vector technology was at all based on those presentations and maybe also those of competitors. I'm pretty sure my acquaintance was there. Note that the 144s for the 11th were filed on the 20th, and that we could see more from the 11th. i.e. my estimate of the float is more likely to be low than high. Cheers, Tuck

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