BobW,

Thanks for the time you spent explaning your viewpoints and calculations.

It may be that the difference between $7.20/sh, or truly being the blockbuster, retirement money that we have hoped for, is in adoption as widewpread treatment of huge and exploding type 2 market.

We just spent a week visiting a friend who is type 2 and on Metformin. He lost sleep several nights during our visit due to gastro-intestinal problems caused by the drug. (very common side effect apparently) That meant, not only was he miserable, nauseated and with diarhea, but he went to work sleep deprived and frustrated. He will welcome relief from these side effects if a new treatment is safe, easy, effective and has less of such 'quality of life' issues. I am investing some money on the belief that MNKD has such a drug, that it will be approved this time, and that there are many many millions of people like him.