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Biotech / Medical : CYPB - Cypress BioScience -- Ignore unavailable to you. Want to Upgrade?


To: muddphudd who wrote (259)6/1/1998 4:15:00 PM
From: Jay Lowe  Read Replies (2) | Respond to of 586
 
OK ... will edit together an issue list.

Another of my holdings is transiting a hot spot, so my SI
time is going there right now ... it'll be a couple of days.

Another point about the FDA news is that the big investors
have already largely priced approval into the stock ... they
are assuming the approval. The real question becomes can CYPB
get into the market ... can they get those docs out there to
pick up their pads and write "Prosorba" or whatever.

That's the key. We know it works. We can guess the FDA will pass it.
Will Cypress be able to market it? To what extent will the docs
pick up on it? That's the key. If they do, this is a $10 stock, if not, not.



To: muddphudd who wrote (259)6/1/1998 11:35:00 PM
From: dwight martin  Read Replies (1) | Respond to of 586
 
Hey Mudd-

There is a reverse split in the works acc'g to Proposal 2 in the Notice of Annual Meeting I got today along with the Annual Report.

At any time prior to the 1999 Annual Meeting of Stockholders, the Company could issue one new share "in exchange for between 2 and 4 shares of common outstanding. After the split, the total number of shares outstanding would be 50MM common and 15MM preferred.

I guess I'm wondering why this is necessary.