RE:RE:RE:RE:OncoQuest Pharmaceuticals Inc. Doses First Patient in Ph 3 The way I understand the deal, $62.5M can be liquidated by end of year.
It is represented as a fixed number so I'm assuming it will not go higher if Dual (OncoQuest) shares go higher - as is the present case.
I don't know how difficult it will be to sell the maximum allowable nor do I know if they will try to cash all the allowable out. They will likely need to do so in a controlled manner depending on what they decide.
Quest shareholders could have access to 40-44% of that cash. Management is contemplating what to do. That's all I can say as I don't know how it will all play out.
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Own in USD ...
We have $125M purchased at 3806.3 - can acces $62.5M by yearend.
We have $20M purchased at 3265.00.
We have $155M purchased at 3265.00
For the above, QPT owns 40-44%
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Let me know if someone sees an error in the number.
Also, I see shares closed yesterday on the exchange at 5950 - It's been a nice ride up but I know nothing about this exchange.