Baker Brothers knew all right and sold a little to participate in the secondary...no big deal, thats the way Wall St. works. So relax and enjoy the coming ride....It is a good thing that HALO boosted their cash. Just unpleasant for a few weeks, that issue is now off the table and the fundies always win and I'm in big for a huge payday! Look for upgrades soon (always happens after secondaries) and then we rocket!
Last time I checked, BBros Investments had 26 employees and 7 clients. You certainly don't count on dividends as revenue from a Bio portfolio (they took a big hit with ARIA in 4Q). At 12/31, Halo remains 1 of only 11 companies BB has over 5% company stake. Of course they reloaded with secondary.
is this a cheap trick they play? wish i knew of the 2ndary in advance. they did this on idra. wondering if they did the same on gern and halo. sell high knowing a secondary is coming, then buy the secondary low?