RE:RE:RE:RE:RE:RE:RE:RE:Ryhigh's numbersAgain, refusing to use your own brian power. The $480M is calculated by adding $145M cash at end of Q2 plus $330M net proceeds of note issuance. Interest would be baked in into FFC for Q3 and Q4. You can come up with that yourself becuase anything I provide will obviously be too rosey for you.
Stop with the alleged finders fee of $72M on a 28 GBP transaction. That is the most ridiculous fiction put out there by the shorts.
PROtrading wrote: Lumber, I've already told the other "extremist" here not to get nasty. I'll tell you the same thing.
Can you add the interest payments on that? You seem to have forgotten those. Be less pumpy and you might have an ounce of credibility here.
As well, you discard the $72M finders fee on the 4 drugs that have had no NR on on whether they are triggered or not. You give management the "benefit of the doubt" but after the disaster misguidance and the write off of almost half the Covis acquisition in less than two years, sorry, I don't give Thompson anything except a possible "date" with the SEC. Remember when the Turing "market savvy" CEO was taken in hand cuffs? What do you think that did to the Turing stock?
And where is the leader anyway? No NR on everything that has happened? Is he held captive or something?
Lumberfeverlong wrote: Ok, Pro. So please explain how you see the approximate $480M in cash on hand already committed? A lot of us have done a lot of work projecting forward. Why don't you expend some brain power to do the same rather than making outlandish statements about the company imminently going to run out of money. I'll give you a head start. At today's F/X rate for USD v. GBP, USD $176M is accounted for by February 1, 2017 for payments to Cinven leaving them with $304M without taking into account any cash they might generate in Q3, Q4 or the first two months of 2017.
PROtrading wrote: Lumber, We have a few critical dates coming up.
Q3 is one of them and the first payment to Cinven due in December. If either of these fail, you can bet this stock will hit pennies.
On the upside, if there is credible management that take the helm, this thing will fly up. You have to admit that Thompson has lost credibility here? Moving these shares offshore and now they are mostly sold to people who were told the company was "firing on all cylinders".
Second, stop talking about the "cash" when most of it is already committed for!
You sound like a pumper when you talk like that.
Lumberfeverlong wrote: Pro, the notes were oversubscribed in a matter of days to a large number of investors. There is an agent appointed for the note holders. That agent cannot accelerate the notes without there being a default. How in heavens name will the company default anytime soon with all that cash in the bank?even Moody's recognized that they have enough cash to get to 2018. I would submit they have enough cash to get to 2020 at which time they will refinance the debt that comes due then.
PROtrading wrote: Like the numbers disagree on worst case!
Worst case is Notes owner pushing for liquidation and with a tangible book value of -98$ per share, stockholders get ZIP, NADA, just a DELIST and a tax write off on non-registered accounts.
ryehigh2014 wrote: To followup however. Even if they do not beat they will be OK. A 1.10 GBP/USD Q4 rate and -10% revenue growth rate q/q is a pretty 'worst case possible' assumption