Replies to post #1193 on Insmed Inc (INSM)

[butchthebrute]

I don't see anything negative, but the pps is getting slaughtered in premarket.

[plumbobt]

toys,

It is not a good thing for a company to get a "going concern" statement from the auditors. It does in fact indicate some risk about the viability of the company. Companies with plenty of cash do not get them.

But it has to be taken in context: INSM raised plenty of cash since then, so no worries there. In that sense, the market's response is ignorant.

On page 53 of the 10k the auditors stated their concern. THis press release simply points that out, along with the fact that plenty cash has since been raised. The fact that it took a PR (two weeks after the release of the 10k) to put all this on the screen of the market shows how closely the 10ks are read by most folks.

So, no worries, really...we already knew there was cash flow risk, and that the recent stock sale made it go away for now.

regards...