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Re: carp77 post# 683

Saturday, 09/02/2023 2:39:06 PM

Saturday, September 02, 2023 2:39:06 PM

Post# of 863
I'm not sure if this is a serious comment or just written out of frustration. But let me lay it out:

1. I wasn't in charge of the BLA application, and I lost money right alongside everyone else. Several million dollars in fact.
2. The company will need more money. They will get somewhere.
3. The company will be better off getting it from me than from many others. I invest in companies that I think can have large increases in value and I like to be part of solving their problems (usually a capital problem but sometimes other issues). I can make decisions fast and I tailor my investment to company needs.
4. There are funds out there that are indifferent to the stock returns. Those are the vultures, because they can win retail is losing. Since I lost money alongside you, you know that I'm not that kind of investor.
5. Yes, it's true that I will get a bit better deal than retail. Since I may invest $10M - $30M, I get the Costco discount. The point I made earlier -- that the existing lead investor will negotiate hard on behalf of (itself and) all shareholders -- means the discount will be as small as possible.
6. Once I invest, we will sink or swim together.
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