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

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To: 777 Captain who wrote (18931)2/19/1999 1:41:00 AM
From: VLAD  Read Replies (1) of 23519
 
Captain,

I reviewed the January 28th cc:

vcall.com

The Q&A section at the end improperly labels the respondent to Charlie O's questions as the CFO when it really is Leland Wilson who is doing the answering. I think you are reading into this part too much:

Charlie O: What's the hang up, if you will...or what's the sticking point...or what's the kind of hurdle that you have to get over to get an agreement.

Cross talk (this part sounds to me like some interference via the phone line and not anybody saying anything to Wilson regarding he respond in a certain way.)

Leland Wilson: I really do not want to comment on the negotiations as we have them right now. As you can appreciate, when you're talking with more than one company, I think it's important to keep any issues that you have with one confidential with others. So we're not going to comment on those now - any facts about these negotiations at this point.

Captain,

There was hardly any lag from the end of Charlie O's question to Leland's answer. I have to agree that Leland can't say anything regarding specific problems with specific companies. I think that if Vivus was far from a deal then it would make sense for Wilson to make some sort of generality regarding why this was so such as the offers made thus far were simply not reasonable and Vivus feels better off on its own than accepting a less than favorable deal. IMO Wilson is far better off admitting the truth if that is what it takes to let potential partners know that he has no intention of giving the company away. Wilson's remarks thus far have indicated that something is progressing. What's the point in bluffing when the stock is smashed to $2.00/share? The lower the stock is, the less pressure Vivus should be carrying to cut a quick and less than favorable deal. Let the market makers continue to f@#%k with the price if that is what they need to do to shake out all the weak hands and prevent any pressure to cover their short positions. If a less than favorable deal means that Vivus stock price appreciates a bit only to not have significant and sustainable profitability and then bleed back down then IMO Vivus is better off with no domestic partner. I don't care if the stock continues to linger at 2 for another quarter if that's what it is going to take to get a reasonable deal signed and get Vivus back into significant product sales in the United States.
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