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Gcbr

10/16/04 8:30 PM

#18276 RE: SlopsterSlasher #18274

SS you must be reading frog on RB. To be honest I am not sure I
understand your question. Lets say we own 50% of Bio---just to
keep it easy. If the IPO raises $40M then that is what our half
is worth. What we paid $25M for just became worth $40M. If we
merge the value of our stock would be determined by the exchange rate of the merger not the market.
I must admit I dont understand the money movment you talk about. If the IPO raises $40M then our half is worth the same.
That would raise our over all value. The stock price of DNAP
should reflect that. Is this as clear as mud?

Take Care
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