SIBIA Neurosciences (SIBI) Message Board

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Biotech / Medical : SIBIA Neurosciences (SIBI)

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To: scaram(o)uche who wrote (107)	11/5/1997 9:56:00 AM
From: Biomaven	Read Replies (1) of 579

Rick, I'd just like to point out that the 250,000 shares to be sold by "certain selling shareholders" are in fact Salk shares. I very much doubt, given the size of Salk's holding, that they will be selling shares on the open market. I think they'll simply be everpresent as "selling shareholders" in any further offerings. I don't see this as causing much short-term pressure, but it does act to keep a lid on things over the medium term. (Which of course can present itself as a buying opportunity). This view assumes, of course, that Salk wants out because they need the money, not because they don't like Sibia's prospects. (I'm not a shareholder, but it's on my "watch closely" list). Peter

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