Cell Genesys (CEGE) Message Board

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Biotech / Medical : Cell Genesys (CEGE)

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To: Extra Pale who wrote (1171)	1/3/2002 11:55:41 AM
From: Icebrg	of 1298

>> <So what are they going to do with it all?> >> It seems to me as if they really want to hold on to the ABGX-shares as long as possible. Without this financing they would still have had abt. 160 mUSD left after having paid for the Hayward facilities. More than enough for the next couple of years, I would guess. >>Cege has made a couple of acquisitions recently and claims to be seeking additional technology.>> Yes, it seems very probable that they are planning to "spend" a part of their current cash balance one way or another. Otherwise today's transaction doesn't make much sense. Ice

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