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Biotech / Medical : CRIS, Curis (formerly CBMI)
CRIS 1.310+0.1%3:59 PM EST

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To: Icebrg who wrote (390)8/11/2001 7:50:32 PM
From: tuck  Read Replies (1) of 668
 
Ice,

Now I'm a bit confused. I'm pretty sure these things expire in a year (nine months if on file but not fleshed out with sufficient info to be effective; not an issue with this filing). But I spent all this time looking, and I'm darned if I can find a definitive statement from the SEC or some such that says so.

In any case, there are fees borne by both parties in the transaction, detailed in one of the attachments to the filing. So the registrants usually mean business when they file these things. You are absolutely correct that they have not required themselves to sell by filing this.

My understanding is that Mr. Allen's investments in general haven't been doing well, as he made so many of them near the top last year, and many of the companies he backed overestimated their markets. HSAC, MCOM, etc., etc. This is one of the few still on its feet for him. So the temptation to cash in at a relatively small loss could arise, is all I'm saying. Keep an eye on those Form 13s.

Anybody with any help on a standard term for registration statements?

Cheers, Tuck
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