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Biotech / Medical : biotech insider buys -- Ignore unavailable to you. Want to Upgrade?


To: EVENT HORIZON III who wrote (53)5/4/2003 11:42:38 AM
From: Doug R  Read Replies (1) | Respond to of 213
 
The insider buying there on ARDM certainly looks impressive.
One thing kinda strikes me as odd though. How can there be 15 different owners of 10% or more of the stock?
A private placement at .79 of 19 million shrs.
15 buyers of 5,316,455 shrs each and each also listed as now owning 7,806,040.
It looks like the 15 are probably 1 combined entity and each reported purchase is actually the same one.
I'm not saying the stock won't move because I think it will but the reporting of insider buying for it isn't all it appears to be.

Doug R



To: EVENT HORIZON III who wrote (53)5/4/2003 3:54:36 PM
From: Gary105  Read Replies (2) | Respond to of 213
 
Is potential short term runup warranted given that phase 3 trials wont be completed before sept, 2004 (based on company info of initiation in sept 2002 and 24 month duration)?
thanks,
Gary