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Replies to #44148 on Biotech Values

DewDiligence

04/02/07 2:49 AM

#44149 RE: genisi #44148

PLX – Good to know we are in agreement. One reason I don’t think a higher valuation is warranted is that there should be a significant minority-shareholder discount when a company is majority-owned by insiders.

Moreover, the parent company is incorporated in Florida rather than Delaware, and hence it does not offer as much protection to minority shareholders as a Delaware corporation. Regards, Dew