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Post by liane on Nov 9, 2015 6:08:54 GMT -5
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Post by maxbioinvestor on Nov 9, 2015 6:25:40 GMT -5
So they used $64.3M in cash to pay the debt..ouch! $32.9M remaining...ouch!
It shouldn't come as a big surprise though.
Let's hope we hear some good news this evening.
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Post by tayl5 on Nov 9, 2015 6:30:53 GMT -5
OK. Net loss for Q3 was $31.9M. Cash at end of quarter was $32.9M with $30M still on the Mann loan facility. A clear statement on how management plans to reinforce the treasury to get through at least a year is in order. If thst doesn't come through in the call we are in for a serious haircut.
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Post by maxbioinvestor on Nov 9, 2015 6:34:50 GMT -5
They either need a TS deal with a substantial upfront payment or we will get another round of dilution.
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Post by caveintemptor on Nov 9, 2015 6:40:34 GMT -5
So they used $64.3M in cash to pay the debt..ouch! $32.9M remaining...ouch! It shouldn't come as a big surprise though. Let's hope we hear some good news this evening. Adam F and friends did a great job making sure cash had to be used. |
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Post by maxbioinvestor on Nov 9, 2015 6:42:54 GMT -5
AF just tweeted that they only have $8M in AVAILABLE cash. The hit piece should be published soon.
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Post by peppy on Nov 9, 2015 6:53:10 GMT -5
Cash and cash equivalents were $32.9 million at September 30, 2015, compared to $107.2 million in the second quarter of 2015. During the third quarter of 2015, we paid $64.3 million upon maturity of the 2015 notes and received $0.7 million in proceeds from warrant and option exercises, $7.2 million in payments from Sanofi for product shipments, and $12.2 million in net proceeds from our at-the-market sales facility. Currently, $30.1 million remains available to borrow under our amended loan arrangement with The Mann Group and $37.5 million of common stock remains available for sale under our at-the-market sales facility.
Am I reading this right, it cost 31 million and they made 7 million. screencast.com/t/9Y8oov9Sv screencast.com/t/o9KUkSyAT
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Post by tayl5 on Nov 9, 2015 7:01:04 GMT -5
I understand that the report is about what happened last quarter. Even so, an indication what management plans to do to avoid hitting the wall this quarter should have been included, either as talking points for today's call or in a separate press release. I sincerely hope this is not all there is or Adnan Butt will be proven right.
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Post by parrerob on Nov 9, 2015 7:01:52 GMT -5
I don't think so.... AF has to wait the conference before bashing... 8 million is quite equal to 0 million and they just recently closed a debt with cash, that's very strange for a company that is going bankrupt for missing operational cash. He canno't bash now.... it will be an autogoal.
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Post by mssciguy on Nov 9, 2015 7:17:53 GMT -5
maybe a quiet period is in order until Matt and Hakan can explain the facts.
Have a great day, y'all.
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Post by Deleted on Nov 9, 2015 7:23:43 GMT -5
Al has invested more than a decade of his life and more than a $billion to get to this point. I am positive he has or will step financial assist during this transition period. Good news will be discussed on the call.
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Post by peppy on Nov 9, 2015 7:24:32 GMT -5
Any chance this is all priced in?
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Post by kball on Nov 9, 2015 7:31:28 GMT -5
Any chance this is all priced in? At the very least MOST of it, one would hope |
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Post by mindovermatter on Nov 9, 2015 7:46:56 GMT -5
Any chance this is all priced in? With several firms with a $1 price target, I'd say no. The 10Q is not pretty. |
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Post by mbseeking on Nov 9, 2015 7:49:55 GMT -5
Well, the saying goes.. "Buy when there is blood on the streets". It's certainly starting to feel like we've reached that stage.
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