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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: betty moyers who wrote (18952)2/19/1999 8:07:00 PM
From: VLAD  Read Replies (1) of 23519
 
FWIW,

I sent an e-mail to Vivus IR yesterday with a list of about 5 questions that I thought would be important to get answers on. Today I received a reply which answered 2 of the questions:

1)The Vivus board does not have to make an immediate announcement if they choose to buy back shares.

2)The board has no plan to buy back shares presently because they need to preserve cash.

So much for Vivus buying back stock on the cheap. Perhaps if Vivus does sign a domestic partner with a large milestone they can keep it under wraps for a while and use some of the milestone cash to further reduce the float. Wishful thinking I guess but it would appear a wise strategy to buy back shares under 3 as opposed to above 15.
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