Replies to post #5951 on IntelGenx Technologies Corp (IGXT)

[ezey]

professional - buyout getting enough to make a statement????
can buy up to 10% (or is it 5%) befor declaring intent.

[crookedneck]

Could it be Cleland buying up cheap shares, as evident by this article I posted in the sticky notes?

TORONTO (Dow Jones)--Hugh Cleland makes big bets on small and micro-capitalized stocks, so the money manager takes a hands-on approach to the companies in which he invests to better ensure they achieve their growth potential and maximize his returns.

IntelGenx Technologies Corp. (IGXT), a drug delivery company, is another of Cleland's holdings. The company develops systems to administer drugs to patients more simply or to make the drugs more effective."It's a very low risk" approach because the company is using already approved drugs, the fund manager said.

Investing in small- and micro-cap stocks can often generate outsized returns because the companies are at an early stage of their growth. But they also typically carry more risk because they are not well established.

Cleland focuses on companies that he believes have a sustainable competitive advantage. He notes that three out of the fund's five largest positions in the summer of 2008 are still in the top six today despite the upheaval in markets because of the credit crisis and Europe's debt woes.