Deltagen (DGEN)

[finbar99]

As I've posted before, I've been in DGEN for years - all my shares are more than free having received the 3 liquidating distributions that followed their emergence from bk several years back (well, not all my shares, as I have been buying more over the last month). While mgmt has not done much over the last 3 years or so other than minimize burn, I do believe based on my few conversations with them that they were in fact waiting for the best opportunity to monetize the mice and DeltaBase (if you are relatively new here, you might not be aware that back in the day the big pharma's all ponied up 25 million each just for access to the database - its not flimsy IP). Having watched mgmt right the ship during the period of bankruptcy, I know that they are capable of rolling up the sleeves and getting it done. I was quite impressed with the structure of the lease for the new Benten facility as a case in point. And therw is 10+ cents free cash per share. So cash at 50% off with impressive IP for free and a proven mgmt team. The fact that it has sat idle for the last few years will no doubt make it harder to get back on the radar, but it will get there, Benten will be the trigger.