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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (164)7/31/1996 9:42:00 AM
From: Machaon   of 132070
 
Mike,

GZTC, Genzyme Transgenics, is issuing 3 million shares priced at $4 per share effective Monday, August 5th.

Why do they issue share below the current price of their stock? I am guessing that this is why the stock price has been creeping towards $4 per share.

Do you feel that GZTC is a good buy at these prices?
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