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Biotech / Medical : Biotech Lock Up Expiration Hell Portfolio: Wave II -- Ignore unavailable to you. Want to Upgrade?


To: tuck who wrote (32)6/29/2004 1:28:40 AM
From: tuck  Respond to of 107
 
So far, it is success, not failure or no reason at all, that has spurred the only VC bail: Pharmion:

sec.gov

Anybody have a link to a convenient site for lock up expirations, one in which you can enter the ticker and get a date? I can't find one anymore. How about a site like the now defunct InsiderScores, that tracked insider trading anomalies for free? We seem to be moving towards paying for investment information that used to be free, and towards scientific publications that used to be expensive and and are becoming free. Well, well.

Cheers, Tuck



To: tuck who wrote (32)10/27/2004 4:32:35 PM
From: tuck  Read Replies (1) | Respond to of 107
 
Immunicon lock up expiration was a couple of weeks ago. Now one of the VC is starting the bail procedure:

sec.gov

Cheers, Tuck



To: tuck who wrote (32)1/6/2005 9:13:13 PM
From: tuck  Read Replies (1) | Respond to of 107
 
Insider activity update . . .

Selling at Memory, Immunicon, Eytech, Pharmion. A forced sale by CEO via margin call (of most of his position) at Advancis, very slightly offset by a directors buying a wee bit at the same time.

VC and insiders looking a bit better so far in this wave. Most of the bailing has come in companies that have actually performed well for their shareholders. Those that have not performed well, such as XCYT, not only face a diluting cash crunch, but seem to be handing out options like candy in an effort to keep employees from jumping ship. Vicious circle, that.

A small, timely sale at CGTK (before E2F1 decoy crashed).

Edit: Polaris bailing out of ALNY, which has been hot and liquid lately.

JP Morgan lightening in BTRX.

Automatic sales plans initiated and acted upon at several, including DVAX, CORT, GTOP.

CYTK, one VC lightens, another institution buys some; net 40,000 sold.

A sizeable sale in the summer at GTXI, with a smaller purchase a couple of months ago.

Much buying at INHX.

Cheers, Tuck