GREY:TSTIF - Post by User
Comment by
SunnyShadowon Sep 06, 2019 9:52am
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Post# 30101758
RE:stryker
RE:strykerMarylin,
What makes you believe that Stryker will up the price in the event the plan is turned down?
If it were to up the price, a new plan of arrangement would need to be proposed with a vote sometimes in November or December. Courage would likely have to waive a default under the minimum cash covenant. How would TSO3 finance its operations during that period? Remember the burn rate of $2.3 M per quarter and the $4 million in expenses incurred by TSO3 in connection with the plan of arrangement.