RE:RE:RE:RE:potential catalyst tomorrow - May 9thDaneOddments wrote: I think if either deal is compelling, and either option is in the money, they could find the money rather than waste that in-the-money value, and I think Jefferies would either provide from their balance sheet or raise it for them. Obviously, Tufropes is a huge question mark, but Bozzetto looks attractive, so my guess would be that they'd at least exercise the option on that one.
I'm sure you're right that if the options had value then the $ would be found. However Tufropes is a mess and the Bozzetto economics are okay but don't seem super compelling.
And remember that Paladin retains a carried interest in both co's so they effectively have a free upside option should either company actually perform well over the next 5-10 years.
I guess we'll know shortly but I'll be shocked to see it happen. (Pleasantly shocked!)