RE:Question to this blog.........................
Do you know who the party with the right of first refusal is?
Because I would estimate that they then have to pay something like 55-60mio for this royalty and then the question is if they can raise that amount?
Personally I think that the right will not be executed but if it does at least the convertible debt falls away and part of the senior debt too and ALS would still generate well above 20mio a year. So nothing to worry about either way.
DYODD
carinthian