Merck payment to AmbriliaLast weeks news release stated the following ......go figure did Ambrila receive the payment or not?....why is Ambrilia not telling anyone if the payment arrived, in fairness Merck has until Monday to make the payment . The way Ambrilia is going I can see them on the TSX venture exchange by years end, or out of business imo
The settlement agreement also provides for the payment by Merck to Ambrilia of an amount of $2-million (U.S.) within 10 business days of the settlement and a royalty for a period of 10 years from first commercial sale of a certain family of products, and the release of all claims made in the arbitration.
Show me the money Ambrilia...lol
IMO Guess the AGM was canceled so the board can plan some vacations with the $2 million dollars thats coming out of Merck, but imo shareholders will never know if the money arrived on time.