RE:RE:Why paying off EMD Sorono ?palinc2000 wrote:
Congrats for your calculation .... it shows you understand the maths
But I fail to see the pertinence of your conclusion....I think you mean to say that the contractual obligations of 28.2 million $ is just an estimate and that increase Egrifta sales would have increased that amount.
Question#1
How do you know that the 28.2 million is an estimate and not a maximum?
I have been saying from the start that the prepayment of the Serono obligations is a zero sum operation,
So why is about 50% of the Financing being invested in a transaction which is not adding to profit?
This is why I think that getting rid of the First Lien on the assets was the primary reason and if I am right it means that something else is coming since the prepayment by itself is not based on economics
However the remaining 50% can indeed be invested in growth opportunities
So I am supportive of the mechanics of the financing ((conversion price .interest rate) but raise a big question mark for the use of 50% of the proceeds
Pretty good, palinc2000. No need to congrat me, BTW.
Read me recent post....