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Biotech / Medical : PLC Systems
PLC 30.130.0%Dec 14 4:00 PM EST
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To: Mark J Trudeau who wrote (548)3/1/1998 6:35:00 PM
From: GRC  Read Replies (1) of 1202
 
My guess (and truly a guess) is:

4/20 - $24/share
if approved $34/share
if not approved $8.00/share.

FWIW: I think it won't be approved, if I'd have to give odds I'd say 40% chance of approval.

Does anyone know what the FDA typically does if the board is split closely (6-5 in favor e.g.). Also, when do we find out the makeup og the board? Both of these will influence my opinions.

As of now, I will probably bail right before the hearing, or hedge with puts, depending on the premium.
GRC
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