Toys, I don't see any intentional move to discredit Insmed by the AP, or anyone. What I see is a restatement of the company's end-of-year-2005 auditor report to cover their ass, something they probably meant to include in that report. A lot has happened since then, as far as financing. I bought more on the dip today @ $1.96 and have another open order @ $1.91. I had my own little "share grab." This is an excellent chance to boost your holdings and, for many, to lower their average buy price.
The way I look at it, this restatement is a non-event and a chance to pick up more on a chuckhole. As stated, INSM has enough cash right now to carry them five quarters, and we all expect lots of good news in the coming weeks/months. This stock is solid and will remain a "going concern," in my opinion. Much more than that, there seems to be only blue skies ahead, not to be too Pollyannish.
Thank you for the input, though, Toys. Something to think about...
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