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Biotech / Medical : Stayhealthy.com: Monitoring your wellness on the Web -- Ignore unavailable to you. Want to Upgrade?

To: Mike Gold who wrote (892)	8/28/2000 4:07:16 PM
From: Eric Fader	Read Replies (2) \| Respond to of 3785

Mike - no new thoughts lately on my end, except that I believe and hope that the passage of time is bringing us closer to an IPO. I've discussed this with John from time to time, and I know he agrees with my view that there is no way for the valuation of the company in a private transaction to equal the valuation that the public might assign to the company in a buoyant stock market. The problem is, there is no way to assure a buoyant stock market at any given time. The company will have to look 2-3 months into the future when deciding whether to file an S-1 (registration statement) with the SEC, because that's how long it typically takes them to review and approve an S-1, and guess whether favorable market conditions and sufficient demand for the stock from the public will exist at that time. Another factor, for those of us who own shares that will probably be subject to an underwriters' lockup of 3-6 months, is where the stock will be trading that long after the IPO - once the initial excitement may have passed. I believe Stayhealthy was closest to selling itself privately several months ago, when private financing dried up and the company's dwindling bank account balance threatened to delay the product rollout. Since then, with sufficient private investments having come in to fund things into next year, I believe an IPO is again the most likely scenario. -Eric