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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (257)7/1/1999 9:45:00 AM
From: Biomaven  Read Replies (1) | Respond to of 52153
 
David,

I used to own some GZTC (like the technology), but sold part when they did their floorless convertible financing and sold the rest some time later. I have a pretty firm rule against investing in companies that have a floorless outstanding. (In exceptional circumstances it may not matter much - e.g., Xoma). Haven't kept track of whether the GZTC floorless has been converted yet.

Peter