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Re: linhdtu post# 306

Saturday, 03/08/2014 11:37:28 AM

Saturday, March 08, 2014 11:37:28 AM

Post# of 2976
TVM, a medium-sized VC firm, could be reducing its ENTA holding because the run-up in the share price made TVM’s original ENTA holding worth more than $100M—an unduly large proportion of TVM’s overall portfolio. Thus, TVM’s plan may be to reduce its ENTA holding below a certain threshold of TVM’s overall portfolio rather than to liquidate the entire position.

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