Biotime-Nasdaq's best kept secret? Message Board

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Biotech / Medical : Biotime-Nasdaq's best kept secret?

BTIM 0.0001000

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Nov 5 1:26 PM EST

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To: mesaone who wrote (1267)	3/5/1999 1:28:00 PM
From: CMon	Read Replies (1) of 1432

Why would anyone but a novice subscribe given the current price of the rights? They're 3/8 bid. The math is simple. 3/8 x 20 = 7 1/2 9.75 + 7 1/2 = 17 1/4 The stock is 16 11/16 offer right now. If someone wanted to own more BTIM, why wouldn't they sell their rights on the bid and lift the stock at the offer? They'd be buying their new shares 7/16 cheaper than through the subscription.

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