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FredKerx

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FredKerx

Re: None

Monday, 05/21/2018 9:00:42 AM

Monday, May 21, 2018 9:00:42 AM

Post# of 3329
—Baupost cost basis on 61.4 million shares at $8.44..
—Baupost 61.4 million shares represents 39.8% ownership..
— Since Jan. 2014, Baupost has represented some $518 million to Keryx’s coffers to finance Auryxia/Fexeric and company development..—Baupost $518 million represents over 85% of total funding to Keryx over the past 41/2 years..
—With cost basis at 8.44, Baupost would need to unload at $20/share to achieve a net ROI of +/- 20%/yearly..
—If Baupost were to unload in low teens, it would signal Baupost has potentially played short against the box..
—Abrams’ 9.7 million shares represents 6.3% ownership..
—Combined, Baupost/Abrams represent 46.1% ownership..

Baupost controls fate of company and shareholders.

ALL IMO
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