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Biotech / Medical : biotech binary events
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To: scaram(o)uche who wrote (263)5/2/2007 1:37:25 PM
From: tuck  Read Replies (2) of 295
 
>>$80m private placement, convert.

That's worth halting the stock??<<

Well, given the market reaction upon resumption of trading, guess so. Flirting with firesale status now. Edit: Market interpreting this as a lack of partner and confidence, I imagine.

Cheers, Tuck (disclosure, if needed: short)

Edit, still plenty of IV in the options as we await the real news. My bear spreads are doing well, but are not ready for closing despite being in the money.
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