Guilford (GLFD) - Steadily Rising Message Board

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Biotech / Medical : Guilford (GLFD) - Steadily Rising

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To: LLCF who wrote (276)	4/23/1999 5:19:00 PM
From: Steve	Read Replies (1) of 496

The rabbit will be a buy-out within the next 3 years if they have any success in the clinic with their drugs. I believe the cash on hand should last 3 to 4 years. In addition, Gliadel should bring in more revenues slowly over the next few years. Remember, Amgen's warrants expire in about 3 more years. Whether success or failure, the stock buy back is insignificant in the scheme of things. Look at it this way, they sold the stock at $20/share and they now bought it back at $10/share. When and if they do another drug deal over the next 3 years, the corporate partner will not be buying stock at $10/share, I hope! These guys are savvy business people.

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