Insmed Inc (INSM)

[allthewaytothebank]

Great Day for INSMED, up 24% on Friday, the day after Thanksgiving(half day)..Current price @ .64 (.67 A/H),Lots of insider buying, BVF now a 10% holder,company has restructured so they can watch the burn rate(2 yrs worth),here is the Balance sheet..this one could get legs...

Period Ending Sep 30, 2002 Jun 30, 2002 Mar 31, 2002 Dec 31, 2001
Current Assets
Cash And Cash Equivalents $31,179,000 $36,265,000 $42,365,000 $51,250,000
Short Term Investments N/A N/A N/A N/A
Net Receivables $1,733,000 $2,266,000 $3,659,000 $3,521,000
Inventory N/A N/A N/A N/A
Other Current Assets $860,000 $450,000 $175,000 $278,000
Total Current Assets $33,772,000 $38,981,000 $46,199,000 $55,049,000

Long Term Assets
Long Term Investments N/A N/A N/A N/A
Property Plant And Equipment $188,000 $940,000 $1,054,000 $1,172,000
Goodwill $15,385,000 $15,385,000 $15,385,000 $15,385,000
Intangible Assets N/A N/A N/A N/A
Accumulated Amortization N/A N/A N/A N/A
Other Assets N/A N/A N/A N/A
Deferred Long Term Asset Charges N/A N/A N/A N/A
Total Assets $49,345,000 $55,306,000 $62,638,000 $71,606,000

Current Liabilities
Accounts Payable $5,221,000 $6,504,000 $6,812,000 $9,394,000
Short Term And Current Long Term Debt N/A N/A N/A N/A
Other Current Liabilities $1,244,000 $585,000 $601,000 $862,000
Total Current Liabilities $6,465,000 $7,089,000 $7,413,000 $10,256,000
Long Term Debt N/A N/A N/A N/A
Other Liabilities $952,000 N/A N/A N/A
Deferred Long Term Liability Charges N/A $1,583,000 $1,619,000 $1,655,000
Minority Interest N/A N/A N/A N/A
Negative Goodwill N/A N/A N/A N/A
Total Liabilities $7,417,000 $8,672,000 $9,032,000 $11,911,000

Stock Holders Equity
Misc Stocks Options Warrants N/A N/A N/A N/A
Redeemable Preferred Stock N/A N/A N/A N/A
Preferred Stock N/A N/A N/A N/A
Common Stock $331,000 $331,000 $330,000 $329,000
Retained Earnings ($157,731,000) ($153,025,000) ($145,918,000) ($139,811,000)
Treasury Stock N/A N/A N/A N/A
Capital Surplus $199,328,000 $199,328,000 $199,194,000 $199,177,000
Other Stockholder Equity N/A N/A N/A N/A
Total Stockholder Equity $41,928,000 $46,634,000 $53,606,000 $59,695,000
Net Tangible Assets $26,543,000 $31,249,000 $38,221,000 $44,310,000