March 17, 2012

Never the twain shall meet. Or shall they?

"Oh, East is East, and West is West, and never the twain shall meet."

A big pharma executive says to you something like: "PV-10? There's nothing on the market quite like it." Buyers and sellers coming together to agree on price makes a market. If you were management, for how much would you sell the company? $1 billion? $3 billion? $5 billion? More?

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