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.

Technology Stocks : Tseng Lab on the move? -- Ignore unavailable to you. Want to Upgrade?

To: Bobb who wrote (176)	7/26/1998 8:56:00 PM
From: VinceC	Read Replies (1) \| Respond to of 251

There were numerous rounds of share sales over the years. In 1997/98 CPI stock was sold at $4.75/share for a total of $20,000,000. In 1996/97 at $3.70/share for about $10,000,000. In 1994/95 at $3.15/share for about $9,000,000. Using the exchange ratio of 2.74 to 1 at 2 7/8 per share of TSNG values each CPI share at $7.88. That means everyone has a profit, but the investors in this company are not inclined to sell as they see big rewards. When you invest in a private placement biotech, you expect more than doubling your money. My friends who are in the deal may sell 10-20% of their position to get their money back, but I am holding on and even bought some TSNG at these levels. CPI has never had a problem raising money as evidenced by their increasing sales os stock at higher prices.