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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Zaphod who wrote (19398)	3/10/1999 9:39:00 PM
From: timers	Respond to of 122087

This is fun! We're LONGS!

To: Zaphod who wrote (19398)	3/10/1999 9:53:00 PM
From: patchman	Respond to of 122087

Latest S3/A filing by Imclone. sec.gov Synopsis: They got themselves some good lawyers and although they have a possible 200K in Series A preferred that converts at a discount and up to 19.9% of the total number of shares being issued to Merk for the entirety ot the Milestone money (60M), they have effectively put caps on both of those situations. If the average market price of common becomes greater that the 150% of the calculated conversion price (a formula based of the price of the stock over a calendar year) then the company can force the conversion of whatever series A are still outstanding. I believe the new Merk shares will be discounted the same way the Series A Preferred are. If they hit every milestone in the next week and all the Series A were called in it would amount to 5.2 million new shares. This is not going to happen and even if it did, it would only be about half a days volume based on what I think the next week's volume will be. Heck, if these guys were asking for donations I'd send them some cash, so investing in them makes me feel good. They've been working at this since 1984, and they have a few other very promising projects in Phase III. Not fly by night, my only concern was voiced earlier by another poster, how statistically significant are the results?

To: Zaphod who wrote (19398)	3/11/1999 12:31:00 AM
From: M. LaMancha	Read Replies (1) \| Respond to of 122087

IMCL -- at the risk of being a pumper (ughhh), one thing has come through loud and clear. Waksal -- at least from the print versions of his interviews I've read -- comes through as articulate and knowledgeable. This means the CNBC interview probably -- probably -- will go pretty well. (I keep remembering my glee when the PRFM guy got on the tube). If the CNBC lineup is followed, Waksal (IMCL CEO/President) will be on before the market opens. We'll all see this man citing facts, probably noting that phase II results are still preliminary, plugging in caveats and then saying that the drugs they're developing have extensive potential. The question I've been struggling with is how far to let this play out -- how long do I hold this stock in the "golden hour" after the open -- 20 minutes, 30 minutes -- or does this thing actually keep rising. With that said, the guy could conceivably bomb and we all take a bath. (SATH?) But never have I been in such a high probability situation of the stock going up. And I've hoped so many times before (believe me, you don't want to know). Here's hoping again. (what's amazing is that it's on this thread -- who'd have thought!)