Talon Therapeutics Inc (fka TLON)

[brick1981]

Errett,

Deerfield stated last year that they would be doing a planned sale of shares as to be paid by Talon for fees in stock. They are now selling this stock. But this is controlled selling on their part. And to answer your question Deerfield owns millions of additional shares. Please see below


Minimum share price of $0.99

Maximum volume depending upon share price, as follows:
Up to 15% of volume from $0.99 - $1.10 per share
Up to 20% of volume from $1.11 - $1.20 per share
Up to 25% of volume from $1.21 - $1.30 per share
Up to 30% of volume from $1.31 - $1.40 per share
Up to 35% of volume above $1.40 per share

All trades must allocated among Stockholders in proportion to their respective holdings of Stock included in the Sales Plan, as shown in the following table, unless Broker is otherwise advised by the Investment Manager

Stockholder Number of Shares
Deerfield Private Design Fund, L.P 822,676
Deerfield Private Design International, L.P 1,325,293.00
Deerfield Special Situations Fund, L.P. 355,974
Deerfield Special Situations Fund International, Limited 640,841

Total 3,144,784