RE:RE:Meeting SB I agree with most of what you say. The issue on cutting employees temporarily doesn't cut it with me. Laying people off costs money especially if you are just going to need them 9 months down the road. Moreover the plant has got to be working to demonstrate the new controls and to pass the FDA inspection. Also with Green Cross hiring, any laid off employees will just skip across town.
I am looking forward to what Pritchard has to say on cash burn. Clearly, plasma sales, exercise of the fifth tranche of the LOC and perhaps some resin sales are going to pushed as far as possible. But I agree if a 4050 deal goes much beyond August a financing is likely required unless Thomvest agrees to altering the terms of the LOC.
no doubt with the Alstrom results Big Pharma is in the tent. I don' t doubt a deal will be closed it is only the timing that is in question. Hopefully the conference call will add colour to the negotiations being undertaken, cash burn and other elements of the financial framework outlined at the AGM.