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Biotech / Medical : IMMULOGIC -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (272)	2/22/1999 9:38:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 305

You will not get anything like $5-8 per share. First place, the price action is saying that. Second if you read the SEC documents you will confirm that IMUL is getting 856,000 shares of CNTBY ($9 million worth as announced). I expect something a bit under $2.00 a share in cash plus about $.44 per share in CNTBY stock (at current prices), plus some possible progress payments of about $.50 far down the road. No cash would likely be paid until late in 1999 and IMUL is restricted with respect to disposing of the CNTBY stock.