Ann: Investor Presentation, page-64

I read it in some article that came up when i was researching Exelogen, not sure about the validity but I emailed Tom and he said he hadn't heard anything about Alex Sinclair working for Exelogen so I don't think she did. The other thing to consider is that at its current stage if they lose all their research and IP (which is very unlikely) our downside risk is still about 20-40% because of cash reserves, and I'm willing to risk that on the off chance that Exelogen wins because our upside if they don't is huge. Investing when there is uncertainty is a good way to make money