RE:You heard it here!!!!
Bad News GMB...You own the one named Bioniche.
Hang tight though. As of next week Bioniche will be 4 months overdue on their "we'll be voting on an Animal Health sale at the AGM".
Interestingly, we are also a mere 4 months out from the maturing of the Paladin loan.
This being Bioniche, they will come up with the worst sale terms possible, or more likely have Urocidin nicely packaged off to Paladin as partial payment for the balance owing.
For their part, Paladin shareholders will be stunned. While we were told that they, as tangible proof of interest in Urocidin, have taken the rights to NK, Canada and Mexico, most Paladin shareholders have never heard of Urocidin or have any idea what arrangement might exist.
Good for them for hanging tough. It couldn't have been easy loaning money at 20% with those repayment terms and the dire situation with biotech as a whole.