Deltagen (DGEN)

[finbar99]

The ones that bought in were associated both with the Charles River guys and DGEN - the main one sits on DGEN's board. They were basically buying in at cash value of DGEN - which is fine with me. I would have been very happy at this point to just get the cash value back, but that wasn't going to happen - and I do believe in the underlying IP - which is why when I was down like 80% on a buttload of shares I bought even more at a penny - I still remember the HS! moment when I got filled - thinking I had surely lost my mind. I learned how to go with my gut that day.

I'm ready for Driscol and the rest of the board to earn their keep - they haven't done much for me lately. If I wasn't going to get cash value back, I think this may be best oppty they could have taken - but I think much will depend on the politics of pharma that is beyond their control. The biggest reason they filed bk in the first place was that all the pharmas merged - so instead of having a dozen customers that really needed to pay 25 mm for access to the mice, they found themselves with something less than 6.