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Biotech / Medical : Stayhealthy.com: Monitoring your wellness on the Web
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To: WallStBum who wrote (1069)12/20/2000 12:33:33 PM
From: Eric Fader  Read Replies (1) of 3785
 
Dax - Of course, I know your comment wasn't directed at me, and I should've put a <g> after my "hey Dax" line because that was the way I meant it. Believe me, I share your frustration, and maybe the only reason I'm able to refrain from directing it at the company is that I know they feel it too. This is a very strange time for Stayhealthy, as well as for the financial markets. I'm told that from a fundamental business standpoint (notwithstanding small glitches re: product delivery, etc.), things are going extremely well now for Stay, but they'd been hampered by financial constraints of their own making - that is, they were unwilling since the Spring to sell off a large chunk of the company at what they considered to be an unsatisfactory valuation. Unfortunately, what was "unsatisfactory" in the spring looks pretty good now <g>, but enthusiasm for the company on the part of major pharmaceutical companies and others is said to be exploding and I expect to see official evidence of this shortly. As far as a "liquidity event" is concerned, I believe several possibilities have been proposed and are being discussed and/or negotiated right now, but nothing was definitive enough to be put in that letter which was written 2 weeks ago.

I still hope and expect that we'll all have the opportunity to choose within a few months whether to cash out at least a portion of our investments. A recovery in the markets wouldn't hurt, but might not be essential. -Eric
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