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Biotech / Medical : 3-DIMENSIONAL PHARMACEUTICALS (DDDP)
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To: Madharry who wrote (27)10/9/2001 9:31:24 PM
From: Biomaven  Read Replies (2) of 146
 
Madharry,

Review of the S1 indicated that at that time there were almost 10 million options and warrants outstanding at prices around $1 or less so this should be factored in when considering purchase.

This is misleading. The vast majority of these were preferred shares that converted at the time of the IPO. As of the last 10-K, there were 1.5 million warrants with an exercise price of $3.50 and about the same number (maybe less) of in-the-money options (at today's price) outstanding.

Peter

P.S. I bought DDDP for the first time today. Some kind soul (Rick may likely offer a different epithet <g>) offering to sell me shares at under $5.50 looked like too good a deal for me to pass up.
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