Infinity Pharmaceuticals Message Board

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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 (30)	5/24/2006 10:53:54 PM
From: Mike McFarland	Read Replies (1) of 210

The DPI S-4 is online: Infinity has burned through $124M over the past five years. Down around page 83 is a table that lays out the "Implied Value of Infinity" --it isn't clear to me yet that there is much cash left at Infinity, so I will try to take a closer look at that--at the end of 2005 "Total Stockholders’ Equity" is given as a little over $10M (page F-52). You can read about IPI-504 around page 150. It's an awful lot of stuff to slog through. I'm just along for the ride no matter what-- it isn't at all clear whether DPI is getting a good deal or not getting into Infinity. I'd like to have found some cash there--my guess is that the cash from DPI wont last more than two or three years. But that may be just enough... THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” PROPOSALS 1 THROUGH 6. I will vote FOR all six, wish me luck! I have two hole cards--one marked IPI-504 and one says IPI-609. These may or may not be winning cards--but I wont fold them. There just isn't any point to playing if you don't occasionally let a pot get big, and the only thing out there now is a small blind.

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