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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: Jibacoa who wrote (667)3/26/2002 12:08:13 AM
From: tuck   of 1005
 
Bernard,

Most of us who follow LSBC -- yourself included, I think -- feel that they have all sorts of interesting technology. But until partners with money agree with us by signing deals with LSBC, it doesn't mean squat but more R&D $$ down the tubes. I think there will be plenty of upside if we simply trade that news if and when it happens, because it for damn sure isn't priced into the stock. We're probably familiar enough with the company to assess the appropriate value such a deal would confer -- unless the PR contains the dreaded phrase "financial terms were not disclosed" -- and with you on top of the TA, we should have no trouble getting out pretty close to the optimal time. I suppose it's possible somebody might munch it . . . My god, I'm having a tremendous deja vu about what I've just written.

Cheers, Tuck
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