Nortran Pharmaceutical -NRT.V Message Board

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Biotech / Medical : Nortran Pharmaceutical -NRT.V

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To: Saracen who wrote (852)	6/3/1998 1:52:00 AM
From: Ms. Forthright	Read Replies (2) of 1185

Nortran now has a problem. It has been way oversold, and share price is ridiculously low. Mr. Rieder has said that they will not lower the price of the financing, that the company was simply worth too much for such a maneuver. However, more recently I have also heard that the price may come down a bit. I know that the company is set to list on the TSE... all they need is the money from this financing. The TSE listing is definitely desirable at this stage, but it is only a matter of time before another deal is struck with further share price escalation. A financing could then be done with less dilution. They have sufficient funds already to continue work for some time. I suspect that the financing will be completed, but I'm not so sure that this is best for shareholders. I have noticed a lot of selling from Canaccord and McDermid. I may be wrong but I wonder if they are trying to hammer the share price in order to get a better deal on the placement. Of course if this is the case when the financing closes the reverse will take place. We'll soon know.

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