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Biotech / Medical : ARIAD Pharmaceuticals
ARIA 23.990.0%Feb 17 4:00 PM EST
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To: Biomaven who wrote (368)11/13/1998 6:15:00 PM
From: Madharry  Read Replies (1) of 4474
 
I read some more of the release and it appears that the preferred shareholders have committed to purchase additional preferred stock under similar terms at a future date upon the company's demand. If so at least the company knows it has access to additional funding in an emergency. DId someone else read it like this or did i misunderstood.
I confess that my gut reaction to reading this announcement was also to sell. But I will wait to hear what the company has to say.
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