According to the latest 8-K filing (dated 12/11/2017) on Edgar: - The whole Ocera's management has been replaced with Mallinckrodt people. - There wasn't any mention of the amount of cash shortfall (Ocera's existing cash minus all debts & transaction expenses) described in the 8-K filing. So I guess the deduction of 4cents for every $1M cash-shortfall won't occur and shareholders will receive the full amount $.34/share in the first milestone payment (?)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.