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Biotech / Medical : Infinity Pharmaceuticals
INFI 0.0160-4.8%Sep 29 5:00 PM EST

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To: Mike McFarland who wrote (18)4/14/2006 4:46:52 PM
From: rkrw  Read Replies (1) of 210
 
<<31% of Infinity is valued for 70-75M cash+stuff,
I don't know why he was so flustered.>>

If you listen to the glgc cc's you can hear the same thing in a service model shifting to discovery, frustrated long time investors that don't get the bio model. It's 2 different types of investors. One group is looking for them to make money and get actual eps. The other is looking to r&d burn but high value at the end of the day. The dpii investor was frustrated. Must be hard to see dpii morph into something he has no interest in, but the mgt decided the business model would never work. I'm sure he's now an ex-shareholder :-)
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