Oramed Pharmaceuticals Inc (ORMP): Question, how do we think this piece of...

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Wednesday, 01/25/2017 9:50:01 AM

Wednesday, January 25, 2017 9:50:01 AM

Question, how do we think this piece of news from November is going to affect the milestone payments due from our Chinese fiends at HTIT?

http://www.cnbc.com/2016/11/29/china-unveils-crackdown-on-companies-investing-overseas.html
http://www.scmp.com/news/china/economy/article/2050029/chinas-foreign-investment-shopping-spree-over-beijing-moves-slash

Since November 2016, the Chinese government is placing an administrative check on all payments of over 5 million USD foreign investment.

This already hampered a deal that another Israeli Company Pluristem PSTI, was due to sign with China-based Innovative Medical Management Co., Ltd. Now the Chinese are waiting to see how to proceed under the new policy. And the wait caused PSTI to raise cash via dilutive funding. A good thing to in their position but curious about how this new policy situation will affect ORMP as the continued milestone payments will be over the 5 million USD mark.

Any thoughts?