GREY:IPHAF - Post by User
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blogon Oct 27, 2006 9:24am
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Post# 11566497
Some calculations
Some calculationsDid management make a good move going it alone? Some very rough numbers are a burn rate of 1.5 million a month from April 2004, so 1.5 times 41 months times 70% +20 million = 62 million. Therefore they need to get somewhere in the neighbourhood of 62 million up front plus royalties for this restructuring to make sense financially (not from a love affair perspective). This calculation does not include the dilution of shares that has taken place.