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Biotech / Medical : CRXX-Combinatorx
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To: mopgcw who wrote (76)11/20/2008 5:29:18 PM
From: rkrw  Read Replies (1) of 100
 
You read it right. Middle finger to bvf. And or sure, if bvf pushes hard and forces a liquidation, their ransom payment is in place. This was a very slimy and unethical move esp in light of just laying off 65% of the company.

I think what to look for would be if bvf puts this to a shareholder vote on the next proxy, given they control 25%, they're bound to win. I don't think it will be very hard to get another 25% to vote with them. I think crxx days are numbered.
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