Post by
beechguy on Jan 22, 2014 12:38pm
Zep
That was a negative post even for you! You have had lots of event to draw this type of conclusion however. I think a more likely scenario would be. A successful sale of AH. Probably around 100mm is aguess. 75mm to Bioniche of which 43mm will go to Paladin, 5mm to Evercore, 2mm to lawyers, 10mm to RCP to buy out the 2% in perpetuity on revenue, leaving us with 15mm in cash plus whatever is current available (probably 48 dollars when all said and done) 2 months from now they will announce they have parted ways with the ever popular VMC for 5mm (at 92% haircut on that brilliant deal) Thanks Graeme! That will give us 20mm in cash to tide us over until Urocidin partnership occurs. There is no doubt in my mind a worldwide (or several different jurisdictions) partnership will happen by sometime this summer. It will likely be for 40 to 60mm up front with all trial cost offloaded to the partner. A reasonable set of milestones will be included. We will be left with around 50mm in cash 40 employees all in Point Claire. Burn will be down to about 500k / month. Giving us plenty of funds to make through to the promised land. At which time 3% of us will actually be around to celebrate. Three other options are: someone buys us out in full including debt, urocidin AH, point Claire and VMC for around 150 to 170 mm. Could be one reason for the delay. They screw everything up and Zeps theory comes to fruition. The overall market implodes anarchy happens, all those without GGG (Guns Gas and Gold) die a miserable death and no deals of any kind happen. Take care and good luck if 2 or 3 happen!! Thats all the happy thoughts I have today. beech