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Re: quantumdot post# 72854

Friday, 02/06/2009 11:52:32 AM

Friday, February 06, 2009 11:52:32 AM

Post# of 252939
IDIX – In #msg-34894217 I was clearly referring to the gross up-front cash, not the portion of it excluding equity:

$25M would make the arithmetic in #msg-34813718 work—barely. Hence, I think it’s reasonable to consider $25M a lower bound for the up-front amount.

At $6.87/sh, the $17M of new equity from the GSK deal translates into 2.47M new shares, which is roughly a 4% expansion in the shares outstanding. I’m OK with that.


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