Iggs,
This is an excellently written response, to quote:
"There is significant interest and we are exploring the best deal for Cortex from both a financial and strategic perspective. We do not think all interested parties have come forward and do not feel it is appropriate to disclose a range at this time. This would not be fair to prospective counterparties or maximize value for our shareholders. I can say that I would expect the upfronts to be somewhat higher than originally anticipated. We view CX717 as critical to the development of our platform and are vigorously pursuig (sic) the best deal possible."
How long did it take you to compose these exact words? They are well thought out and I’m sure this wasn’t your first draft (although you could brush up on your spelling a little bit). Remember Roger was responding to the question, on the spot, without the benefit of having time to sit down and slowly think through his response. IMHO, his response was more than adequate given the circumstances.
Regards, Judy
P.S. For those of you wondering what the (sic) stands for, in the legal field anytime you are referring to a quote, you always put (sic) after a misspelled word to indicate to the judge that this was in the original quote and not a typo on your part.