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piggerpig

12/09/14 11:05 AM

#184513 RE: DewDiligence #184511

The Xoma secondary terms looks pretty good to - warrants at about 60% higher for only two years. Looks like the market is pricing the warrants at 40-45 cents. Could have been much worse.
You can read from it that there are well educated investors willing to bet
Xoma is 60% higher in at most two years (although they maybe have already shorted the stock and gotten the warrants for free...
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DewDiligence

01/07/15 3:05 PM

#185620 RE: DewDiligence #184511

Baker Bros cut XOMA stake to 18% (as of 1/5/15) from a considerably higher level:

http://www.sec.gov/Archives/edgar/data/791908/000114420415000985/v398209_sc13da.htm