Senomyx Inc. ( SNMX) Q2 2011 Earnings Call August 5, 2011 11:00 AM ET Executives Gwen Rosenberg – VP, IR Kent Snyder – CEO John Poyhonen – President and COO Antony Rogers – VP and CFO Sharon Wicker – SVP and Chief Commercial Development Officer Analysts Jonathan Feeney – Janney Montgomery Scott Scott Henry – Roth Capital Dalton Chandler – Needham & Company Doug Thomas – JET Investment Research PresentationOperator
Good morning. We will now begin the Senomyx Second Quarter 2011 Conference Call. At this time, I would like to inform you that this conference call is being recorded and that all participants are in a listen-only mode. At the request of the company, we will open the conference up for questions-and-answers after the presentation. (Operator Instructions). I would now like to turn the call over to Gwen Rosenberg, Senomyx’s Vice President of Investor Relations and Corporate Communications. Gwen Rosenberg Good morning and welcome to the Senomyx second quarter 2011 earnings and corporate update conference call. Participating in this call from Senomyx will be Kent Snyder, Chief Executive Officer; John Poyhonen, President and Chief Operating Officer; Tony Rogers, Vice President and Chief Financial Officer; Don Karanewsky, Senior Vice President-Discovery and Chief Scientific Officer and Sharon Wicker, Senior Vice President and Chief Commercial Development Officer. Before we begin, please note that during the course of this call, we may make projections or other forward-looking statements regarding future events or financial performance of the company that involves risks and uncertainties. The company’s actual results may differ materially from the projections described in the press release and this conference call.
Investors considering a purchase of Senomyx Inc stock, but cautious about paying the going market price of $5.11/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $5 strike, which has a bid at the time of this writing of 85 cents.