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Biotech / Medical : ARIAD Pharmaceuticals
ARIA 23.990.0%Feb 17 4:00 PM EST
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To: Dr. John M. de Castro who wrote (466)2/7/1999 4:32:00 PM
From: Jongmans  Read Replies (2) of 4474
 
Dr de Castro,

I have the full 8 K in my possession since November 13 1998.

I have read it several times, as well as some of my friends. We all come to the same conclusion. On base of the articles, put down in my message 465, the conversion price will be 100%!! Before February 15,1999 ARIAD issued B convertible shares to HMR and aside of that ARIAD must have had sufficient additional income out of this source on base of ongoing research and of services to the joint venture to comply with these articles.

Please read this 8K carefully and checq the latest press releases of ARIAD and the financials over the third quarter to estimate the income of research and services in the period November 12 1998-February 15 1999.

I am interested in your final conclusion!!!!!!

Martin
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