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DewDiligence

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DewDiligence

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Re: piggerpig post# 184521

Tuesday, 12/09/2014 11:59:44 AM

Tuesday, December 09, 2014 11:59:44 AM

Post# of 257431

Xoma is not a "well established company"…

Exactly the point—I would’ve thought XOMA was well enough established to be able to finance without warrants.

…and neither are most research-stage biotechs.

Yet the overwhelming majority of recent financings by such companies have been warrant-free.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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