Antex Biologics (ANTX) Message Board

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Biotech / Medical : Antex Biologics (ANTX)

ANTX 1.120

0.0%

3:58 PM EST

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To: F. Jay Abella, III who wrote (750)	3/10/1998 11:18:00 AM
From: John R Resseger	Read Replies (1) of 1476

On March 24th Units, that contain one share of stock and one warrant to purchase one share of stock at 50 cents become exercisable for two years. These units were issued to D H Blair as part of a private placement done April 18, 1995. The company had not made the joint venture with Smith Kline Beecham at that time. Consequently D H Blair got a sweet deal. There are those among us that think that whoever owns the units now, will dump them as soon as possible because their basis is so low. Then there is myself and others who feel why should they settle for just doubling their money. It would be one thing if this was Reg S money issued last month to keep the company afloat. There are alot of people hanging back thinking they will pick up shares cheap in 2 weeks. I have a little powder dry, but I don't think it is going to happen. On added caviat is the rumor that D H Blair is not in the business anymore and that Barrington owns the units, and is interested in promoting the stock. JRR

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