InspireMD Inc (NSPR)

[timberwolf7]

IF I remember something correctly, the R/split is to get the share price up so that the bigger players who like share prices above $5 can 'participate'.

So unless they surprise with an 'early' approval, from a presentation on their website, they indicate:

-11-15 months to complete ENROLLMENT for the IDE
-followed by a 12 month follow-up period for each participant.

which means, they are looking at around 2 years just to complete the IDE IF I am reading the data correctly.

Who knows, maybe the r/split will be followed by a secondary offering to raise cash for the next 2 years to run the IDE... Maybe thats why there seems to be a bit of desperation to get folks to support the vote 'for'.

Disclaimer: broke even on a sale around 80 cents.. cause I didn't like the trend in the share price. Being patient to nibble on a new round, could have had some around 62 cents, but without the US?? Whats a share price target now?? Just curious...