100 million dollars divided by 3 million shares equals:
33.33 dollars per share. Sure looks like there is strong preparation for stellar Phase 3 data to hit the wires possibly in advance of Russell 2000. I am not concerned about next week. The positioning for Russell reconstitution will continue and my estimate for prenegotiated target price is 15, although positive results will blow this figure to smitherines!
I don't know where you get the $100M divided by 3M. The form S3 and form S8 are separate entities. S3 is the $100M shelf and the 3M shares are made available to fulfill their obligations to provide shares to various employees, like their new-hire. Get your facts straight.
I will have no doubts that phase 3 will be a success . in the 80's 90's I worked at major hospital in the Boston area where amikacin was prescribed to de delivered via inhalation, IV amikacin was delivered via nebulizer to patients with CF young and adults. only hope no patent delivery issue emerge not to put a drag on the stock.
Stu, not sure if the following is what you are wanting....it was found in the Form-S3 that Insmed filed Friday. You can find the Form 3 and Form 8 on the website.
This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission (the “SEC”), using a “shelf” registration process. Under this shelf registration process, we may sell any combination of the securities described in this prospectus in one or more offerings up to a total dollar amount of $100,000,000. This prospectus provides you with a general description of the securities we may offer. Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the securities being offered and the terms of that offering. The prospectus supplement may also add to, update or change information contained in this prospectus.
You do not think this will not any effect on the SP this week? I have been out of the country most of last week and hope to review the SEC filings later this afternoon. Management has stated they with have enough cash to last into early 2014, so this announcement should not be overly surpring (it was to me, initially).