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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: kenhott who wrote (33374)	1/14/2010 11:58:30 AM
From: keokalani'nui	Read Replies (2) \| Respond to of 52153

I suspect the likely problem is "merely" technical. I bet the censorhip software is in part under the control of PRC and it was the source of or conduit for the private account breach. Google can't plug the security breach without taking control of the censorship porthole and that is not acceptable to PRC. Pretty easy decision by Google, and they've found a lovely way to dress themselves up in high principles.

To: kenhott who wrote (33374)	1/14/2010 8:26:01 PM
From: Biomaven	1 Recommendation Read Replies (1) \| Respond to of 52153

>>BNI leaps What makes this play hard to analyze is that we don't know what the "default" cash/stock ratio will be for BNI shareholders that don't make an election. If I understand this correctly, option holders would end up with the same ratio as non-electing shareholders. The definitive agreement provides that each share of BNI common stock will at the election of the shareholder be converted into the right to receive either (i) a cash payment of $100.00 or (ii) a variable number of shares of Berkshire Hathaway Class A or Class B common stock, subject to proration if the elections do not equal approximately 60 percent in cash and 40 percent in stock So in the one extreme case, let's assume at least 40 percent of the BNI shareholders elect all shares. Then non-electing shareholders would end up with all cash. Similarly option holders would get settled in cash, and so say the 100 LEAPS would end up worthless. In the other extreme, assume at least 60 percent the holders elect cash. Then the all the options get swapped for BRK options and the 100 LEAPS would retain some value. Not 100% sure of this analysis, but it's my best guess. If it's in fact correct, then the key will be how many shareholders want cash and how many stock. Seems like anyone subject to tax would likely take the stock so they could defer the gain if they wanted to. Peter