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DewDiligence

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DewDiligence

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Re: DewDiligence post# 209933

Wednesday, 04/05/2017 1:44:01 PM

Wednesday, April 05, 2017 1:44:01 PM

Post# of 257268
INNL acquired by private company for $1.75/sh cash plus contingent payments:

http://finance.yahoo.com/news/gurnet-point-l-p-enters-035800014.html

The buyer is Gurnet Point L.P. The CVR has four components, detailed in the above PR, with a maximum cumulative value of $4.90/sh. Based on the current share price, investors are ascribing about $0.50/sh of NPV to the CVR.

Excluding the CVR, the $1.75 buyout price is a 28% premium to INNL’s share price on 3/15/17, the day before INNL issued a PR saying it was in buyout discussions (#msg-129597307).

“The efficient-market hypothesis may be
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in any area of human knowledge!”

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