RE: Good Old GICs!!..........winer
On the Brewskies so early winer? Or should I say Gewurtztraminer?........"Fortunately, the $34million of cash and cash equivalent that TTH has is sitting in GICs, not ABCP. So, it is not an issue with respect to this company."
Transition currently has a cash position of >$60 million........not the 34 mil number you suggest.
There will be another $7.5million US payday very soon from Elan as well. That is on our doorstep.
The agreement with Novo will bring in even more, unless of course the Expanded Agreement defers a cash payment which at this time would be all right considering our healthy position. Should it end up that a Co. other than Novo picks up the INT Program an initial Cash Payment would be structured in.
All in All Transition is sitting pretty in the Cash Department.......Now and in the Future.
Cheers