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Post by barkbarkwhoa on May 28, 2017 0:41:23 GMT -5
In Looking at the new paperwork filed with the government the new office space will cost over $40,000 per month.
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Post by centralcoastinvestor on May 28, 2017 0:51:03 GMT -5
In Looking at the new paperwork filed with the government the new office space will cost over $40,000 per month. Could you provide a link. |
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Post by barkbarkwhoa on May 28, 2017 1:31:04 GMT -5
Look at the SEC Form Filing 10Q eff 5/10/17 on page 23
"Office Lease - on 5/5/2017, the company executed an office lease with Russell Ranch Road IILLC to lease office space for the Company's corporate headquarters in Valencia, Ca. The office lease commences on the earlier of (1) the date the Company commences business from the leased space or (2) the later of the date of substantial completion of the build out by the landlord or August 1, 2017. The lease requires monthly payments of $40,951, increased by 3% annually, plus the estimated cost of maintaining the property by the landlord. The lease expires sixty-five months from the commencement date and contains a five year renewal option."
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Post by centralcoastinvestor on May 28, 2017 1:42:44 GMT -5
Thanks. I think I remember Matt mentioning that they were getting a much better rate on the lease and it was close to biotechnology talent.
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