RE:RE:RE:VoucherI would expect closing to be approx 1 1/2 - 2 months after the announcement of the sale.
Yes to the debt ($40M) and burn rate ($20M). Cash and cash equiv end of June <$30M, add about $68M from voucher sale (net) and you have ~$98M.
Do they run the risk of burning through the cash before they get it. Not IMHO.
Greenviolino wrote: Ok, thanks for clarifying the structure of the deal. But my question related more to the timing of the expected payment. Is there an expectation on that front? I also understand the company carries a debtload of around $40 million and burns about $20 million per quarter. So do they risk burning the $70 million before even getting it?