Here's a post from the other forum about Phillip Frost taking over OPK (back when it was EXEG):
EXEG-Billionaire Phillip Frost, M.D. to take over majority control
EXEG currently is a shell stock that has approximately $9 million on hand
The deal has been in the works since 8/2006 and already has SEC approval,
and today is being voted on by the shareholders
Phillip Frost and company will be buying 51%, controlling interest,
for approximately $9 million, giving EXEG a total of $18 million on hand
There are currently 17 million shares, and Frost and company will acquire
19 million, for a total of approximately 36 million shares outstanding.
Current shareholders keep all of their shares, no R/s or 5% ownership
http://www.pinksheets.com/quote/prin...asp%3Ffilename %3D0001144204%252D06...
Phillip Frost, M.D.
Phillip Frost, age 70, is the vice chairman of the board of directors of
Teva Pharmaceutical Industries Limited. He served as chairman of the board
of directors and chief executive officer of IVAX Corporation from 1987 to 2006,
when it was acquired by Teva Pharmaceutical Industries Limited. He served as
president of IVAX Corporation from July 1991 until January 1995. He was the
chairman of the Department of Dermatology at Mt. Sinai Medical Center of Greater
Miami, Miami Beach, Florida from 1972 to 1990. Dr. Frost was chairman of the board
of directors of Key Pharmaceuticals, Inc. from 1972 to 1986. He also served as
chairman of the board of directors of IVAX Diagnostics, Inc. (diagnostic reagent kits),
a subsidiary of IVAX Corporation from 2001 to 2006. He is a director of Northrop Grumman
Corporation (aerospace), Continucare Corporation (healthcare), Castle Brands, Inc. (spirits),
Cellular Technical Services, Inc. (telecommunications) and chairman of the board of directors
of Ladenburg Thalmann Financial Services Inc. (securities brokerage). He is on the Board of
Regents of the Smithsonian Institution, a member of the Board of Trustees of the University
of Miami and co-vice chairman of the Board of Governors of the American Stock Exchange.
Some web sites about him, many more on Google:
http://www.forbes.com/lists/2006/54/...rost_RT14.html
http://www.miami.com/mld/miamiherald/15933557.htm
http://www.highbeam.com/doc/1G1-153859884.html
http://www.redorbit.com/news/health/...r__74_billion/ index.html
This is what happens when he takes control:
ORTX-Bought this shell 12/2005, went up 2500% in 1 week and held 2000%
DRMN-Bought 15% of OS 11/2006, went up 250% and held
OPK - Opko Health, Inc. (AMEX Stock)
Linear Mode
