Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (8635)	12/19/1997 5:48:00 PM
From: tcarnes	Read Replies (2) \| Respond to of 9285

dear bill i don't know what this is yet. do you know who bought the inp.u's? and if so this may answer the question very confusing to me. someone knows something if the whole offering went in 5 days. i will look at it more closely. something is fishy. does that convertible top desolve in the ocean between here and the carib. your right i think if i only knew what a "dilutive ass-backward convertible" was. tj.

To: Bill Wexler who wrote (8635)	12/20/1997 3:14:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 9285

Bill RE: BVF: "the new company" (I forgot the name and I am lazy to go back to my notes during vacation) raised cash from an IPO. This PO of course was not dilutive to BVF stockholders. Then this company turns around and uses the cash from the IPO to contract R&D with BVF which in turns counts the funds as revenues! It is all in BVF last 10Q. This is an intersting way of generating revenues and very high profits as IMO BVF is not putting a very large effort into this research. Pancho