Subsequent to Regulus’ IPO, we own less than 20 percent of Regulus’ common stock and we no longer have significant influence over the operating and financial policies of Regulus. As such, beginning in the fourth quarter we will no longer use the equity method of accounting for our investment in Regulus and instead we will account for it at fair value. In the fourth quarter of 2012, we will record a significant gain to reflect the change in our ownership percentage.
Balance Sheets: Investment in Regulus: 5,563 M
Isis owns 7 M shares of RGLS (4,91 $) : 34 M
Will they account a gain in the range of 20-30 M in Q4?