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Biotech / Medical : Geron Corp.

GERN 1.250

+7.8%

Nov 11 3:59 PM EST

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To: Savant who wrote (3166)	1/9/2011 2:28:05 PM
From: John Vosilla	Read Replies (1) of 3576

'StemCells raises $9.4M by selling 10M shares StemCells says institutional investors are buying 10M shares for $1 per share On Friday January 7, 2011, 1:44 pm EST PALO ALTO, Calif. (AP) -- Stem cell therapy developer StemCells Inc. said Friday it will raise $9.4 million by selling 10 million shares of its stock to institutional investors at $1 per share. The company is selling the shares at a discount of 9.9 percent from its Thursday closing price of $1.11. StemCells said the sale is expected to close today, and the investors will have an option to buy up to 6 million more shares at the same price. Shares of StemCells have traded between 75 cents and $1.58 in the last year. The stock declined 14 cents, or 12.5 percent, to 97 cents in afternoon trading.' finance.yahoo.com A similar 10% drop drop to Geron late last year. Let us see if any real news comes out this week..

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