Transcept Pharmaceuticals Inc (TSPT)

[manny t]

TSPT,

The company shows 59.21 million in cash in most recent quarter with 14.01 million outstanding shares.

Add 37.6 million in cash from recent share sale and add 4.5 million shares sold,you get 96.81 million dollars in cash,and 18.51 million shares.

96.81/18.51 gets you 5.23 dollars cash per share.

This is besides the potential revenue from their new sleep drug on the market,and the current 6.56 price is ridiculous.

Keep dreaming on 2 dollars.

Manny