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Insmed Incorporated Message Board

  • bohemianclubman bohemianclubman Aug 6, 2013 3:41 PM Flag

    Billion dollar market cap

    If Insmed trades up to a billion dollar market cap, the nearer arikace gets to gaining marketing approvals, the difference in share price from issuing the recent 7 million shares around 10, as opposed to issuing half of that at 20, is 27 vs 29. Both would please me.

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    • "As a result, we estimate that our cash requirements to fund operations in the second half of 2013 will be in the range of $28 million to $33 million. We believe our cash balance of $76.8 million as of June 30, 2013 ..."

      We now know a bit more. At the high end of the anticipated burn rate the Company will still end this year with $43.8 million - which means that had NEITHER of the two recent offerings taken place, the Company would still have had about $18 million at the end of this year.

      Clearly they would have needed at least one offering before the end of this year. Equally clearly, they could easily have delayed even that first offering last October until the Phase III results were reflected in the share price.

      • 2 Replies to fudfighter4
      • For clarification -

        "At the high end of the anticipated burn rate the Company will still end this year with $43.8 million ..."

        - plus the $67 million from the second inexplicably premature offering in nine months.

      • How ignorant can you be, FUD? Do you not know anything at all about raising capital? It's much easier to raise when not necessarily needed. If you get backed into a corner and need to raise cash, that's when the Loan Sharks come in for the kill.....Geeze Fud, tell your bosses to get a clue. Oh yea, they do have a clue....dishonesty at it's very best....and all this time you have/had the nerve to call other dishonest.

        Your time may not come to an end, but anyone who has been here for any length of time knows your game of deception, dishonesty, and confusion.

    • Bo - if we had the luxury of being able to view this recent offering in isolation, I'm pretty sure I'd be as unfazed about it as you are. But I see it more as the wrong choice (from the point of view of the shareholders) of two possible scenarios -

      1. October 2012 - Dilution by 6 million shares raises $26 million.

      2. July 2013 - Dilution by 7 million shares raises $67 million.

      3. July 2014 - Dilution by 8 million shares raises $120 million.


      1. November 2013 - Dilution by 6 million shares raises 180 million.

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