RE:RE:RE:RE:RE:RE:RE:RE:More options Well, it looks like it is the beginning of the end for Theratechnologies.
Despite the increase in revenues, they are burning cash like never before and the lenders are starting to amend the terms of the credit facility.
The company is signaling the possibility of not being able to continue as a going concern.
I think it's the first time I see this in its 25 years history.
I have not find any material plan to reduce the huge budget in:
Selling: $39m
General & Admin. : $17m
R&D: $37m
And at last but not the least, they gave themselves millions of options to keep them happy while the ship is sinking.
Good luck for the ones staying in the boat as shareholders!
Some will pay the price for reelecting members of this Board of Directors.