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IGI, Laboratories, Inc. Message Board

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  • Howie58 Howie58 Oct 27, 2004 10:45 PM Flag

    Various

    Greetings:

    This is a fairly ignominious end to the company given its once-promising beginnings. This deal is better than a bankruptcy but it really doesn't say much when a company with a 30 cent share price takes you over.

    As a former shareholder and one-time Vineland resident, this deal strikes me as an admission that the post-Gallo mess era was not all that promising. It seems that spinning off Novamax was, in retrospect, a bad move, but other bad moves intervened.

    Whether or not the deal goes through, investors will probably have had enough. I don't think SNTK is much of merger partner...this is a marriage born of semi-desperation.

 
IG
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