Insmed Inc (INSM)

[theonlyslacker]

Thanks, as usual, for the education Bob. Learned a lot from you over the years.

TRCA can take down the Kingsbridge funds at will for an average of the past 8 days PPS or $3.00 whichever is greater. Correct? Therefore wouldn't it seem reasonable that unless you really got a large bounce from this PR it would have limited impact since the stock price has fallen pretty badly over the past couple of weeks?

Second, wouldn't any investor/banker in their right mind look at the steep decline in share price (granted it could be the result of anticipated dilution) and the meager quarterly results even considering first to market position and flinch at buying this at or near this current price? Therefore with the intention of an offering, this line of reasoning would continue to drive share prices lower. Right?

Finally, realistically in order to afford this treatment, a family would either have to have insurance or be fairly well off to afford either of these options. So competing on price seems to be a weak market tactic.

We will see the impact of the PR early today on the SP. Quite possible I am overthinking this thing but it seems reasonable whatever TRCA is trying to do they need more than the $75M available from Kingsbridge. Looking forward to the education. Slacker