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Biotech / Medical : T/FIF, a New Plateau -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (1271)7/20/2002 12:22:41 AM
From: LLCF  Read Replies (1) | Respond to of 2243
 
Things ugly everywhere...

Message 17765864

DAK



To: LLCF who wrote (1271)7/20/2002 1:29:23 AM
From: scaram(o)uche  Respond to of 2243
 
Yeah, I saw the tickler from Grant. It's good that some non-hard core biofreaks are noticing.

The Viropharma convertible isn't due until 2007. The company should shine the holders on and get on with the science. That those who hold the notes have such a fearless grip on the price leaves only one conclusion, IMO. Criminal activity is not an accusation. It's an extension of logic.

I'm truly ticked. de Rosen has just rolled over and played dead.

Here's a description. An acquiring company can assume the debt if it's a stock-for-stock deal........

The Company made a private offering of $180 million of Convertible
Subordinated Notes due 2007, which closed on March 8, 2000. Net proceeds from
the issuance of convertible subordinated notes were approximately
$174,400,000. The notes are convertible into shares of the Company's common
stock at a price of $109.15 per share, subject to certain adjustments. The
notes bear interest at a rate of 6 % per annum, payable semi-annually in
arrears, and can be redeemed by the Company, at certain premiums over the
principal amount, at any time on or after March 6, 2003. The notes are
subordinated in right of payment to all senior indebtedness of the Company.
The notes may be required to be repaid on the occurance of certain fundamental
changes, as defined.



To: LLCF who wrote (1271)9/6/2002 2:59:23 AM
From: scaram(o)uche  Read Replies (1) | Respond to of 2243
 
Dave:

Same old, same old...... every time that the $ needs support, "we" (sorry, for those "out there" who can't share this ethnocentric crap) use the same old trick.

War, or the threat of it, in the gulf.

Cut to the quick...... it's immoral as hell, but we force the world to pay for oil in our dollars. Don't worry, be happy!

:-(

There is no doomsday coming. The dollar isn't going to collapse. If $30/barrel is required for any period of time, a little Iraq bashing can cover it.

It's a simple and old trick. When all else fails, fast jets and strong tanks determine financial stability. The game is fixed. Amazing how, every time, the world forgets.

Our minds makes things complicated, when they're very often simple. The CIA training manual hasn't changed since 1946...... "relax, be happy".

The epidemic of type II diabetes? Couch potatoes are a new species. Exercise is a simple and effective prophylactic. A weak dollar? War, or prolonged talk of it in the gulf, will fix things just fine.

Get back to basics. Fast jets, big bombs..... they're buffers. We can make anything "economic" happen, and WE DO.

Rick