Two weeks ago - May 21stwe optioned our only revenue product (Ryplazim) and 70% of the NET PROCEEDS of voucher for $5M.
So we gave up a revenue stream of who knows how much money and $30M of the $100M voucher to Kedrion for a whooping $5M and this pumping clown thinks this is great for us. Two weeks to FDA decision and management does this.
We had nothing to lose by waiting. Instead, we gave away the farm.
Now we maybe have $92M cash and no revenue stream. TV will get most of that money through interest payments on the loans.
Had we waiting two weeks, we had a revenue stream plus a voucher of $100M.