RE:RE:total ballpark deal value Good response and can certainly appreciate that perspective.. I guess some people are looking for a take your money and run scenario and are unwilling to wait for the sales to accrue.
This is like a forced pension plan to keep the company and science development going for the next two decades.
This other way to look at it is that its like buying a revenue ticket on the 17 yr Abbvie train with payments for every kilometer travelled. The question one has to ask is if Abbvie will follow through on the sales. That part I not so worried about as they are a grade A company and we get a % of sales this time around.
At this point, if I was to have the choice between 10-15M upfront or a long term royalty I think I would take the long game with the decent royalties simply because Sirona would burn through that upfront and not sure where things would end up in a year or two. Then we are back to repeating interim financing.
As soon as they have a few quarters of decent revenue the full value on this deal may be reflected then I suppose. But then again that still wouldn't explain why we are trading lower than when the deal was announced.
I am going to call it now and say whatever one can pick up cheap today and maybe tomorrow (we will see what financials bring) could very well be that last time there is a value deal on shares from this point forward as investors sort through their disappointment with Howard.
Happy to be wrong on that, but very likely going to take full advantage of the situation here.