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Biotech / Medical : XOMA. Bull or Bear?
XOMA 31.86+0.2%3:59 PM EST

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To: charles moore who wrote (7092)8/31/1998 7:57:00 PM
From: Dan O  Read Replies (1) of 17367
 
Ellen Martin,

I know you check out the boards. What can you say about these concerns? Certainly, a buyout at a small premium to todays market would be an insult to most shareholders since most have probably bought in at double or triple today's level. Further, a buyout at low prices during a temporary slump in biotech stocks right before anticipated FDA action would surely result in well rewarded shareholder suits. Can the company provide the shareholders with comfort in this regard so we can put this aside? Perhaps you can share the intended use of the study and its preliminary results? I believe you have posted here before. It would be helpful to do so again.

Dan O
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