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: CMon who wrote (1277)	3/5/1999 10:53:00 PM
From: mesaone	of 1432

Reviewing the numbers in #1272, an investor who is a holder of record as of 010599 and wants to buy on Monday, they can exercise and oversubscribe so that 20BTIMR + 14.625 gives them 1.5 BTIM, for a net cost of 22 1/8, or they can go to the market and pay 24 15/16. If the oversubscribe allows for more than a 50% overage, the gain is higher. BTIM constructed the terms of the rights exercise to benefit long shareholders, and the oversubscribe is an essential part of the exercise. inch.com

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