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Biotech / Medical : Antex Biologics (ANTX)
ANTX 1.130-1.7%Nov 17 12:51 PM EST

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To: John R Resseger who wrote (781)3/24/1998 2:12:00 PM
From: Mark F. Beno  Read Replies (1) of 1476
 
Does anyone other than me think that there is something strange going on today? At 2:05pm the bid/ask stands at 1.04x1.049. Less than a 0.01 spread! Allow me to propose a scenario that might be taking place:

Barington is exercising the unit purchase option and Antex or some other entity is repurchasing some of the stock from Barington at a pre-determined price. I'm not sure whether or not these trades will show up in the trading volume, however.

Clearly something is up. I hope that it will be to everyone's advantage.

Regards,

Mark Beno
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