2015 Biotech Charity Contest Message Board

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Biotech / Medical : 2015 Biotech Charity Contest

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From: Daniel Ward	8/15/2015 1:34:34 PM
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Reverse Merger this Week: Targacept (TRGT) to Catalyst Biosciences (CBIO): Hi Bulba! Just wanted to give you a heads up that Targacept will likely be completing its reverse merger this week. Compensation to Targacept holders is as follows: -$19.5 million in cash (~$0.5686 per share) -$37 million in non-interest bearing convertible notes (~$1.079 per share) -The remaining will be reverse split at a ratio of 7:1 into CBIO. -The ex-date is anticipated to be August 20th. Link: secfilings.nasdaq.com I additionally expect to have Dara Biosciences (DARA) completing a reverse merger into Midatech Pharma (currently MTPH.L across the pond) in Q4. Hopefully that will be the balance of the confusing corporate actions for my picks :) Hope you're having a good weekend! Dan

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