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Insmed Incorporated Message Board

  • fudfighter3 fudfighter3 Sep 2, 2013 7:14 AM Flag

    An example of nonsensical posting?

    For anybody curious as to Historian's reasons for putting me on Ignore, I suspect my response to his sorry attempt to defend the timing of the recent offering may have had something to do with it.

    Historian -

    "... it's easier to obtain funds when you don't need them than when you need them right away"

    Me -

    "I've been suggesting that an October 2013 offering might have been a good move, at a point where we would still have had nine months operating cash. But I'm now coming round to your way of thinking that even nine months leeway would have been unduly risky."

    "Only $76.8 million remained on June 30, with a current annual cash burn of $56 - $66 million. Cash in hand three months later would have been down to $60.3 - $62.8 million."

    I'm guessing this was a prime example of the "nonsensical" posting he cited as a reason for resorting to the Ignore function.

    And for those of you who jumped to the conclusion that he did so simply to conceal the fact that he couldn't produce an example of dishonesty on my part ..... shame on you. I'm confident he could have produced as many examples of dishonest posts as he could have produced of nonsensical posts :-)

 
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