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HDGabor

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HDGabor

Re: Whalatane post# 28153

Monday, 05/26/2014 2:47:17 AM

Monday, May 26, 2014 2:47:17 AM

Post# of 426271
from 10-Q1 2014:

.. if a calculated threshold, based on quarterly Vascepa revenues, is not achieved, the quarterly payment payable in that quarter can at the Company’s election be reduced and with the reduction carried forward without interest for payment in a future period. ... The Company currently estimates that its Vascepa revenue levels will not be high enough in each quarter to support repayment to BioPharma in accordance with the threshold amounts in the repayment schedule. ... In accordance with the agreement with BioPharma, quarterly differences between the calculated optional reduction amounts and the repayment schedule amounts are rescheduled for payment beginning in the second quarter of 2017.
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