What's all the kerfuffle about?Vague PR yes, maybe some more color in the morning hopefully, but as it stands we now have enough cash to get us thru May.
Which means our bridge to the July warrants and the 6mm CAD into Spectrals coffers, is now down to just a mere two months.
Funny how Vantive is also going spinco IPO in July.
It's purely coincidence, but Baxter's July Vantive deadline is much more profound financially than Spectral having to do a simple 2 month bridge financing.
Vantive IPO with PMX, will be several hundred million dollars more at pricing than it will be without PMX.
I've said it before and I'll say it again, Vantive is a dead fish without PMX/EAA.
And I'll add, Oxiris is a fish out of water flopping around on the shore without piggy backing onto PMX/EAA.
PMX is the commercial mop that cleans up a huge mess from your septic tank, and Oxiris is just a swifter that makes things look all nice before your house guest arrive.
Today's PR sort of feels like a Jeff Boras comment to the media as negotiations are still on going and deep.
Who flinches first for the whole enchilada is anybodies guess,
but if I was a betting man, I'd bet on the guy that just has to do a bridge to keep on keeping on, versus the behemoth dinasaur trying to convince institutional investors/pension funds and analyst at the big houses, that it is, and will become again, an innovator with growth potential. Like it used to be many years ago.