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Re: Jukimol post# 6241

Monday, 08/18/2014 10:13:12 AM

Monday, August 18, 2014 10:13:12 AM

Post# of 43829
Chances are Jukimol - that if it looks like this case is going to trial and it looks like the old CRO is on the losing side they are going to try and settle out of court. If they settle - it'll be for a lot less than the full $50 MM IMO - or else why settle?

From our limited view here on the outside from the peanut gallery the old CRO does look like they have a lot of fault to account for in the Phase III stagnating for a couple of years,...

My guess - is if the case goes forward - expect CVM to settle for 20-30% of the $50 MM. Still enough to help keep the company moving forward for a few quarters, and to help avoid dilution of shareholders in the meantime.

Still a pretty good result - if not really enough to compensate the company (and us by extension) for the years of delay.

“The two most powerful warriors are patience and time.”
- Leo Nikolaevich Tolstoy

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