DPII: Discovery Partners Int'l Message Board

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Biotech / Medical : DPII: Discovery Partners Int'l

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To: Mike McFarland who wrote (50)	3/16/2006 11:57:39 AM
From: Mike McFarland	Read Replies (1) of 111

"We currently anticipate utilizing approximately $3.0 million and $4.0 million to pursue strategic initiatives that contemplate merger or acquisition opportunities that consist of consulting fees, key employee retention benefits and legal and accounting support. We currently anticipate investing approximately $1.0 million to $1.4 million in 2006 for leasehold improvements and capital equipment necessary to support the NIH contract and approximately $1.0 million to $1.5 million in 2006 to support all other continuing operations." That is consistent with projections that have DPI with more than $70m cash at the end of this year. Probably close to 75M. The 1 to 1.5M for all other operations is pretty frugal. That is something to cling to at least. I suppose the $3 to $4M is the sort of grease you need to get these deals done, no comment. There have to be a handful of hotshot biotech managers who would love to sign on and make something of this. Hell, you don't even have to worry about financing, the money is just sitting there, waiting for you!

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