GSII - GENERAL SURGICAL INNOVATIONS, INC. Message Board

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Biotech / Medical : GSII - GENERAL SURGICAL INNOVATIONS, INC.

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To: Dave Chapman who wrote (31)	4/23/1997 12:43:00 AM
From: Rocketman	of 211

Well, the 120,000+ share sale today certainly knocked the wind out of this normally thinly traded one. All the other trades seemed pretty small, one for about 5000, and lots of small ones best I can tell. GSII's book value is $3.77, Cash per share is $3.52 ($46M, 13.2M shares). They went as low as $3.75 today on the big trade. Seems to me that a stock buyback by GSII is in order to support the price, and it seems to be the best use of their cash. They certainly don't need to have this much in the bank. I'm planning to call the VP of Finance, Stephen Bonelli at 415/812-9731 tomorrow and make the suggestion. Anyone else up for it? Rman

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