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Biotech / Medical : Biotime-Nasdaq's best kept secret? -- Ignore unavailable to you. Want to Upgrade?

To: Jim Roof who wrote (659)	2/10/1998 2:42:00 PM
From: Todd D. Wiener	Read Replies (1) \| Respond to of 1432

BTIM is rallying. Resistance is present at $15. If BTIM can close above that, its next target is $18, wherein lies heavy resistance. The stock may remain below $18 until the NDA is filed. Todd

To: Jim Roof who wrote (659)	2/18/1998 2:20:00 AM
From: Stephen How	Respond to of 1432

A rights offering does not require the shareholder to 'fork' over money to keep his shares. BTIM was at 30 when the rights were issued at a face value of 1 dollar each - immediately BTIM's stock reflected this distribution by lowering to 29 - the net value to the shareholder was unchanged EXCEPT that the additional shares could be purchased at a 10% discount to the open market! Your characterization could not have been more wrong. You say that you understand that a rights offering is not a preferred way to keep a company funded. Where did you hear that? And what is the reasoning behind it? If Segall wants to mortgage his house to buy more shares it may not be wise but rights offerings in themselves make no such requirement. You are obviously stretching hard to make a bearish scenario from what is clearly bullish. If you could just do the opposite then the Whitehouse may be needing you shortly. Jim, Right -- I realized what the rights costs were after I posted. In the BTIM Feb scenario, ponying up $1 right for a $30 stock is a very, very low risk proposition. I would have done it. I think. I'm just a little uncertain why a rights offering was required -- I guess it's a 29:30 reverse split in a way. My web server went down while I was on vacation last week. It's back up. I got one reply from the CCM-L (Critical Care Medicine Listserver) I posted to last week. I'll put it on the website. Steve btim.dyn.ml.org