Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : XILLIX FDA APPROVED -- Ignore unavailable to you. Want to Upgrade?

To: Garry K. who wrote (444)	7/19/1999 6:21:00 PM
From: Edward W. Richmond	Respond to of 572

Garry, you are quite right about a poison pill. However, a poison pill doesn't help when you are running out of cash to run the company. At that point, the management desperately wants someone, anyone, to bail them out. Any bid is likely to be considered and almost nothing is considered to be a hostile bid. The terms of a bail out are usually pretty ugly for the shareholders. I plan to monitor the cash/cash equivalents position and the burn rate very carefully. Regards, Ed