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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: shero who wrote (3465)	3/11/2000 12:52:00 PM
From: JG	Read Replies (1) \| Respond to of 3702

Techniclone is featured in "Stock Surge Rescues Tiny Techniclone From Brink" on front page of LA Times business section today - 3/11. Part of the article talks about the unexpected windfall which came as employees and former employees-mostly departed executives- rushed to exercise stock options. TCLN received $1.8 million from those who exercised their options because they had to pay the company the option price before they could receive the stock. Also, TCLN now negotiating to increase credit limit to $50 million. They were able to borrow $2 million from its $20 million credit line because of the higher stock price. TCLN is flush with money now to continue and start other projects - that is my opinion. Jim