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Replies to #86382 on Biotech Values
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DewDiligence

11/16/09 9:25 PM

#86389 RE: zipjet #86382

Please see my reply to floblu. On second thought, I think I’ll omit Palo Alto from the table of MNTA’s major shareholders because they are not even a 5% holder. Hence, for all we know, they could have sold some or all of their position by now, unlikely as this may be.

From now on, I’ll include in the table of MNTA’s major shareholders:

• Insiders with a >=1% stake a fully-diluted basis; AND

• Non-insiders with a >=5% stake on an SEC-reporting basis.

For insiders and non-insider 10% holders, purchases and sales of MNTA are reported on SEC Form 4 or Form 13G with only a short delay, so data freshness is not a problem.

Non-insider 5% holders who are not 10% holders are required to file Form 13G if their stake falls below 5% but otherwise need to file Form 13G only once per year. Although the holdings data for these firms can thus be stale, in the absence of Form 13G filings we at least know that they continue to own a 5% stake.