Health and Healthcare
Geron Registers Small Number of Shares (GERN)
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Geron Corporation (NASDAQ: GERN) had a filing to sell shares that hit after teh close today. Normally this would be a cause for concern since it had a huge run recently. But this turns out to be only "related parties" and for a small amount.
The filing related to the sale of up to 163,666 shares of Geron commonstock. It is on behalf of Lonza Walkersville, Inc., the sale of up to69,290 shares of common stock by MPI Research, Inc., and the sale of upto 30,884 shares of common stock by Samchully Pharmaceutical Co., Ltd.
Geron will not receive any proceeds, but this is hardly dilutive. Thetotal filing covers 263,840 shares, which is not even $2 million worthof stock at current prices. When you consider a market cap of $625million, it is just a drop in the bucket.
To show how small it is, Geron had 200,000,000 shares of common stockauthorized for issuance and 81,665,218 shares of common stockoutstanding. That is as of yesterday.
Jon C. Ogg
January 29, 2009
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