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Biotech / Medical : Insite Vision Inc.

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To: jbershad who wrote (794)7/16/1998 10:20:00 PM
From: Joe Senesac  Read Replies (1) of 1060
 
Wow - Insite is looking at partnerships? I wouldn't have known that unless I hadn't pulled my head out from under the covers after hiding for the last two years. This press release just kills me. It is as if they felt they needed to have some news but hadn't released any for a while and thought about what they could release.

Seriously, this is a joke. I gave up on Insite after the fourth deadline or so for a partner for the glaucoma test kit. I spoke with Mike Baer in December with some tough questions after having held the stock for almost two years of hearing from everyone that a deal was "imminent." For different products, too (the other two candidates that have been through phase III and have sat for years now without being capitalized on). He assured me that a partner would be announce for sure by April 15th.

Again, I guess I thought it was 1998, not 1999 or 2000.

I normally don't post to threads about stocks I don't own, but wow, be careful with this one guys. I would anticipate from my last look at financials that more dilution will be imminent should a partner not be found soon.
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