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Biotech / Medical : Ionis Pharmaceuticals (IONS)
IONS 73.55-0.7%Nov 7 3:59 PM EST

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To: Scott H. Davis who wrote (2491)2/24/1999 10:28:00 PM
From: LLCF  Read Replies (1) of 4676
 
<Question is, who here has enough of a relationship with ISIP to fully flesh out what kind of offering - if convertable, is there a firm floor? is one kind of clear question we need a clear answer on, not a song and dance. Scott >

The CFO states right there in that silly story that they arent stupid enough to do any kind of offering where they buyer would be shorting the stock... this story is clearly "filler"... I hate street.com's "gonzo journalism" style, sure the shorts have a point... every biotech has the same problem... they're running out of cash... but I wonder how this story landed on .com's desk???? Oh, just a breaking news story where we happen to quote a hedge fund manager who's short... and then call the company real quick to make it look balanced. I hope they announce a breakthrough on some trial next week and rip these bad boys a new asshole! And I've got a tiny position... I don't even care.

DAK
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