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

To: John Dwyer who wrote (623)	8/9/1999 2:19:00 PM
From: celeryroot.com	Respond to of 4474

all I suggest is you do a little more homework on the C holders

To: John Dwyer who wrote (623)	8/9/1999 2:29:00 PM
From: LLCF	Read Replies (1) \| Respond to of 4474

< I know many here on SI look for conspiracies with these smallcap stocks > Not, to be arguementative, since I agree with the bulk of your post, BUT these deathspiral preferreds are definitely unwitting managements being taken by sharpies. Lets not forget that point. These guys are very sophisticated derivative players that are making large risk free returns with huge call options attached for huge upside. Luckily companies are catching on. IMO managements are so embarassed once they figure out what they did, they just clam up and wait for it to pass... unfortunately the shareholders hold the bag. These companies would probably all be better off being put on the auction block instead of doing a "death spiral". That's not much fun for management as you can imagine. DAK