HemosolI have been buying HMSL shares for the last few days, I am building a decent position. While there's no question there's risk in the stock, I think the underlying value is undeniable, especially when you add the intellectual value of the Cascade process agreement with Prometic.
Here's my call, bridge financing for this company is a DONE DEAL.... there will be a very significant JV announcement shortly as per the innuendo's of both Prometic and Hemosol's recent news releases. Any kind of JV or takeover of this magnitude takes time.
EVEN NET OF DEBT.....The plant and equipment of HEMOSOL are worth 4 times the current market cap of the company and that DOESNT include the COMPETITION ENTERPRISE VALUE that this package represents to one existing COHN Fractionator vs another.
The bottom line is this, the fractionator that moves on this package and puts together a joint deal with HML and PLI is going to have a HUGE and IMMEDIATE competitive advantage over all the other fractionators worldwide....
ANY DEAL HEMOSOL PUTS TOGETHER WILL BE GREAT FOR PROMETIC