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Biotech / Medical : Xenova (XNVA)

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To: fred hayes who wrote (123)7/21/2005 11:34:00 PM
From: fred hayes  Read Replies (1) of 173
 
more on XNVA. I was wrong in my prior post re the 2/3 vote -- it's a majority as usual. No idea where I got the 2/3, sorry.

The buyer looks legit. I have no idea what XNVA is worth, but the buyout price of around $30 mil looks like a bargain on its face. Looks kinda pathetic for loyal shareholders. I suppose there is some risk that the deal falls thru, but seems to me that risk is balanced by the chance of a competing bid.

fred hayes
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