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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)

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To: Bradpalm1 who wrote (3399)	12/11/1997 12:09:00 PM
From: Musa Goksel Bulat	Read Replies (1) of 23519

I believe moving one line to the new plant was a great idea. In the 10Q they descriped the approval process. Factory was inspected on feb and march 97, inpectors issued form 483, VVUS responded in 30 days. Then in april and may they provided additional information. Plant was reinspected in august and september. It looks like this process is taking forever. Also there are certain covenents in their agreement with Astra( i don't know what they are), Astra paid them $2million after UK approval, I bet one of the requirements in their egreement is timely product delivery and it all depends on getting approval for THE NEW PLANT. IF Reducing production by 25% in one quarter will help the approval it is a very smart decision. The good thing about the management is they are doing what they are supposed to do, produce and sell. I expect (if they get aproval) they can doube their sales to $70-80 in the next quarter. I tried to info abou inentory, only one I got was for December 96 and June 97, which were $4.540million and $5.18million respectively, this clearly tells that they are selling whatever they make, turnover rate of 20 is very imressive for me. I believe they are using some of $100million to buy back their shares now Inventory for september quarter was $6.212million. no build up at all.

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