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DewDiligence

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DewDiligence

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Friday, 05/25/2007 12:19:39 PM

Friday, May 25, 2007 12:19:39 PM

Post# of 257253
AGIX Cuts Workforce by 50%

[It’s sleazy that they did not issue a PR.]

http://www.sec.gov/Archives/edgar/data/1107601/000110760107000035/form8_krif.htm

>>
Item 8.01 Other Events.

On May 24, 2007, AtheroGenics implemented a restructuring plan that reduced its workforce by approximately 50% to 67 employees. This action was designed to streamline company operations and is the first step of its new strategic plan, focused on advancing development of its novel drug candidate, AGI-1067. The company expects to announce the full plan on May 31, 2007.
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“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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