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Biotech / Medical : GLGC Gene Logic -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (247)	1/10/2007 2:40:16 PM
From: Mike McFarland	Respond to of 360

I thought the consensus was that last year was the year they'd have the IPO. But you see over and over again, things have changed and VC's want to be sure valuations are correct and all that and their companies hit the ground running. There aren't scads of biotechs ready to be taken over. Obviously DPII spent some time to get everything in order, and it looks to me like GLGC is headed that way now. But I don't know if Perlegen can make money, you wonder if the VC's and Pfizer put so much money into it, and now they're kinda stuck. I would be perfectly happy if GLGC carved off the DR unit and just sold it off for $10 or $20M to Infinity! I think I found out that the MLNM stuff is in Cambridge anyway. Pay a small dividend or something, then slice away the rest of the cash for a PERL IPO and such. Probably you get these VC's and dealmakers at the table and everybody has to have their slice--and it all takes an eternity. Plus, if they're smart they watch boards like this, and they just let the cash bleed away until they get a final signal of capitulation. If I sell my shares to whoever is gathering them up...then they'll finally get it all done, heh. Punishment for figuring it out ahead of time. Of course, I haven't actually figured it out. It is entirely possible that GLGC will bleed away another $20M each quarter for the next year, and my shares get that lovely .pk at the end!

To: Steve Lokness who wrote (247)	1/10/2007 3:28:46 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 360

My wife stayed up late and watched a show last night--genomics, personalized medicine, Venter was there, Watson--the whole deal. She starts talking to me about Gleevec, targeted and combinations of meds, meds that are completely effective for their subsets of patients, etc etc. So I say to her, yes, exactly. That is why you own the stock you own. But you cannot actually forecast how it plays out. Likewise, sure, chance of snow. I was up late last night doing the forecast... There is still some onshore flow--showers coming down the Strait of Juan de Fuca, and those combined with the instability (it is very cold aloft) and the modified arctic front etc etc. Yes, it will snow somewhere, some amount. Best guess, some snow in Whatcom county along the boundary--then an inch or two for a lot of folks as the modified arctic front drops south. Same thing as the stock market--predictions and speculation. Wall Street is more exciting though, the poker element--who wants shares, who is bluffing etc. But VC's, hedgies, and mutual funds to some degree control how it plays out...