To: VLAD who wrote (10998 ) 7/9/1998 6:19:00 PM From: david Read Replies (2) | Respond to of 23519
VLAD: I am really admiring and respecting your persistence, esp., when it is based on your own money. but the fact is very cruel. first, nobody would buy the buyout wish, instead, long may sell on it. have you seen a company shouted 'come on in, buyer ! we are on sale'? do you really believe in this situation there will be a buyer ? Vivus gives an impression that it is like garbage right now. Second, don't expect too much from international sale. when Viagara hits that market, same thing happened in domestic market will happen there, unless Viagara is pulled out. IMO, if Vivus can't find a good management team to replace the current one which we all see how stupid it is, then better forget this company. I just can't believe Leland could still say 'hopefully return to profit in Q3 !'. we haven't seen any improvement on domestic sale, yet international sale could not catch up fast, so this hope is totally baseless and does not have any credibility. Going back to check the performance of the management team, you can now see that the success of 97 does not mean anything since at that time there was no competitor at all and it in no way proved the talent and quality of team. now came by production problem which was before Viagara's launching, then followed by the most stupid decision to buy back shares(In my limited experience, i never saw a young and growth company spent the most wanted cash to buy back shares) and as we witnessed later a total disqualified team facing the powerful launching of Viagara. Did we see any meaningful reaction or measures conducted by the team thereafter ? they sit there without knowing how to handle such a competition at all, just stupidly watching the freefall of weekly scripts. do you think the street will believe whatever such a team does or says any more ? d.