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

To: John Dwyer who wrote (618)8/9/1999 11:21:00 AM
From: LLCF  Respond to of 4474
 
< The investors are supposedly long-term and have no interest in using the convertable to destroy the company.>

Yes, makes sense... unfortunately the convert owners get to invest at the expense of the common holders BIG TIME.

<It is clear that ARIA seriously misjudged the reaction of the market to the convertable deal.>

Well actually they seriously misjudged the amount of common shareholder value that was awarded the preferred shareholders. The market correctly assessed this loss of value.

Management essentially risked the entire value of common shares of the company. I don't know the feduciary ramifications since I've never seen action against a management yet... but needless to say people have been in jail for much less, except that they probably knew what they were doing.

DAK



To: John Dwyer who wrote (618)8/9/1999 11:50:00 AM
From: celeryroot.com  Read Replies (1) | Respond to of 4474
 
" The investors are
supposedly long-term and have no interest in
using the convertable to destroy the company"

I suggest you do some dd on the "investors" and take a look at last 8 months of short position in aria


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