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DonShimoda

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DonShimoda

Re: BTH post# 1203

Thursday, 08/05/2010 6:03:36 PM

Thursday, August 05, 2010 6:03:36 PM

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Why did the Board (with shareholder vote) approve an increase in the authorized shares of Ariad?


The board's decision to authorize more shares is simply a housekeeping matter reflecting good corporate governance...I'd be a lot more worried if the board DIDN"T authorize more shares. Other than providing flexibility, the number of authorized shares a company has is basically meaningless - the only thing that really matters is the number of shares they've issued...but feel free to continue to spin this anyway you wish.

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