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Biotech / Medical : Biotechnology Value Fund, L.P. -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (735)	6/22/1999 9:46:00 AM
From: aknahow	Read Replies (1) \| Respond to of 4974

DAC, I have no idea what your problem on this issue is. RCMac, posted this reply to my request: ........partial reply.......... "Often, in fact usually, the company itself doesn't know who owns a block of its shares until the 13D is served on it (simultaneous with filing with the SEC). Since filing is to be made within ten days of crossing the 5% threshold, corporate raiders who expect to make a hostile tender offer have often gradually accumulated up to 5% without having to give notice, then buying a bunch more in the ten days before the 13D is filed, and only then beginning open overtures toward the company with a view toward a negotiated deal, "greenmail", or a hostile offer. "................... This is what happens. I am aware of your background and respect your post. I have in the past even agreed with you that on the day the announcement is to be made the acquirer is probably not out there adding to his position.