I have never seen this kind of paid exploratory direction end in more than a meager premium over the current trading price. I don't believe the big bucks can be made here anymore. I am holding a small position after selling out most of my shares yesterday. I hope I can a little on what's left, but I was in for the big score on technology in which I believed and still do, but the opportunity will now lie with a behemoth to absorb Prolor into their pipeline.
These guys won't do a deal cheap regardless of Jefferies which means most likely nothing will happen. We've been here before. Something like this happened a couple of years ago with nothing to show for it. Way too much greed in this management team. They are simply wasting money as an excuse to waste more time.
There is a deal here but it is still down the road. The real question is how far.