Imclone systems (IMCL) Message Board

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Biotech / Medical : Imclone systems (IMCL)

IMCL 0.159

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Oct 5 5:00 PM EST

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To: Miljenko Zuanic who wrote (1878)	1/24/2002 5:43:44 AM
From: Arthur Radley	Read Replies (1) of 2515

As for your question about management selling on the open market, in all candor I wasn't aware of that this was going on to any great degree. I did note that a former executive was selling his shares....again he is a former executive. If what you indicate is true, I assume that it took place in 2001 and it might have been done for several reasons, even I sell stock for various reasons...taxes, tuition, etc. And in the case of the proposed secondary offering, that is it....proposed offering and maybe the person or persons that you allude couldn't wait until the "proposed" offering actually takes place. Thanks for bringing this issue to my attention. However, in my opinion selling stock by a company executive in an open fashion doesn't equate to a company executive blatantly lying to the public about the drug that his company is working on as in the case of IMCL. If BTRN management is engaged in borderline criminal activity as IMCL's CEO, I would appreciate you bringing this to my attention, also.

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