Insite Vision Inc. Message Board

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Biotech / Medical : Insite Vision Inc.

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To: tonyt who wrote (585)	12/24/1997 12:03:00 PM
From: Robert Mayo	Read Replies (2) of 1060

"What's the cash/shr?" About $.82 as of September 30, if my math is correct. (INSV had $11M cash on hand at that time). The company burns around $2.5M/QTR, so the current figure is obviously lower. Spoke with Mike Baer, VP Finance, last night. Nothing sinister going on. He figured the recent swoon in the stock price was tax-loss selling. Just to reiterate a point I've made before, I figure the odds of Insite making a major deal announcement at H&Q are about 50-50. Baer told me there was still a chance but, even if that didn't happen, the deal(s) would be announced "very soon" thereafter. Bob

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