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Insmed Incorporated Message Board

  • justarook04 justarook04 May 30, 2014 6:27 PM Flag

    Mixed Securities Shelf

    Insmed Files Automatic Mixed Securities Shelf (Flyonthewall) no details -what's this mean

    Sentiment: Buy

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    • That's curious...I posted a tongue-in-cheek about a looming new stock issue and the ensuing dilution, but that post is gone.

      Any who...the availability of shares does not satisfy the institutional interest. Regrettably the millions raised will have to go towards commercialization.

      bwd

    • Nope it was there after hours on Friday. Its true

    • michael_coen@ymail.com michael_coen Jun 1, 2014 8:07 AM Flag

      interesting... where did all the replies go, Jad's defense of Insmed's coming investor fraud, eg?!

      Yes rook, insmed borrowed $20M at 14% (I wish they would take my money at 14% or let me buy new shares at below book)... payments start (interest only if I'm not mistaken) in Q3. For sure, Insmed needs more cash (they are not shy of burning it). What's "remarkable" is how frugal Transave was GETTING to Phase III, in comparison to what has been burned/embezzled since the reverse merger/split.

      • 1 Reply to michael_coen
      • Good question. Where did my and other posts disappear to? If the current cash burn continued through Q2 and we add in the $20 million available from Hercules they should have about $100 million or so available now. I also assume a lot of the costs they have incurred for filings and trials should decrease beginning in Q3. Forward cash needs hinges on whether the FDA grants Breakthrough Therapy. If so, cash burn will accelerate as they move to production and sales in conjunction with the overhead they have already loaded into their cost structure. The question is who keeps loading up short interest to suppress the share price and why is it being done? And, why would management dilute their own interest - along with the rest of us - before the share price rises substantially? They have openly stated they are in good shape cash-wise up and into 2015. Why would they lie about this?

        Sentiment: Strong Buy

    • It means that Management (Mr. Lewis IS a banker, first and foremost) has shamefully waited until after the close on a Friday to let us know that we are to be diluted. (We KNOW Webush didn't get the deal, don't we!?) May also signal that an NTM PH III is coming. We'll just see how many shares and what Lewis has priced the offering at.
      So much for the *Asian Partnership*, eh?

 
INSM
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