RE:RE:RE:RE:RE:New Filing today considering this possibility, I would like to suggest that you send them a letter outlining the question and what the solution to this possibility is? We can't just leave it to somebody on the forum and you are the best person to ask this question and get clarification.
SPCEO1 wrote: What if TH-1902's results look good while THTX simultaneously violates the Adjsuted EBITDA covenant? Might Marathon want to take the assets in that situation? Can THTX prevent them from doing so? I am not sure but PWIB has some related experience and might know the answer to that. I imagine IQ would come to the rescue again if that happened with the additional needed money but I am not sure how such covenant breaches actually work. If Marathon wanted the assets, could they get them even if IQ was willing to come to the rescue with more cash? And if IQ had to come to the rescue again, what percent of the company would legacy shareholders be left with after that? This is THTX remember, so you have to assume any crazy possibility might have a chance of happening! And the extra cash on the balance sheet is not going to help them dodge the adjusted EBITDA test, so there is some risk of yet another covenant breach.
Trogarzon wrote: What are you saying here. Should Thera breach their covenants again on some other parameter than the cash level, Thera would pay them off and get the balance somewhere else.