Geron Corp. Message Board

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Biotech / Medical : Geron Corp.

GERN 1.360

-0.4%

9:33 AM EST

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To: Tim Luke who wrote (234)	8/17/1997 10:25:00 PM
From: Steve Smith	of 3578

Everyone, GERN's float is not 2 million. It's about 6.2 million shares. Insiders and entities affiliated with them control about 30%, and institutional investors own around 12% of shares outstanding. Thus, there's a float of approximately 6.2 million shares. So the float only change hands about twice on Friday...mostly by daytraders. The information can be accessed through the SEC/Edgar database link. sec.gov CONTROL BY MANAGEMENT AND CURRENT STOCKHOLDERS Executive officers and directors of the Company, together with entities affiliated with them, own or control approximately 30% of the outstanding shares of Common Stock and are able to influence significantly the election of the Company's Board of Directors and other corporate actions requiring stockholder approval, as well as significantly influence the direction and policies of the Company. POTENTIAL ADVERSE MARKET IMPACT OF SHARES ELIGIBLE FOR FUTURE SALE Sales of substantial amounts of the Common Stock in the public market could adversely affect the market price of the Common Stock. The Company has outstanding approximately 10,660,000 shares of Common Stock as of June 30, 1997. sec.gov

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