Capital Ventures discloses passive stakes in two biotech names

Capital Ventures reports a 7.1% passive stake in Aeterna Zentaris (AEZS +1.8%) and a 7% passive stake in Northwest Biotherapeutics (NWBO +1.9%).

13Gs here and here.

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Comments (3)
  • tinsley09
    , contributor
    Comments (339) | Send Message
    What does a passive stake in a company mean?
    1 Dec 2013, 05:17 PM Reply Like
  • russleehowe
    , contributor
    Comments (80) | Send Message
    A passive stake means they don't want to be involved in active day to day management. They want to be investors, like I am, only on a massively larger scale. 7.1% = about 2.5 million shares or about a $12 million investment. The more big investors come into a stock the better for us little guys. So this is very good news.
    2 Dec 2013, 12:04 AM Reply Like
  • tinsley09
    , contributor
    Comments (339) | Send Message
    thanks russleehowe for your useful explanation and what we may infer from it.
    2 Dec 2013, 10:00 AM Reply Like
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