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Thursday, April 16, 2015 11:28:42 AM
Well – well. All wrong. The O/S is almost 50 % less and there is plenty of Cash in the bank.
With all the financing going on over the last 2.5 years, the O/S is around 47 Mio.
Then if we take the Cash of $ 1.750.000 and the receivables of $ 267.000 we can say, DECN has roughly 2 Mio Cash in the Bank. Not bad I would say.
And we should not forget the notes payable of $ 2.2 Mio will certainly be covered many times from J&J.
We know, that DECN received a settlement offer and we know, that DECN refused the offer. What we know as well, a settlement offer has 2 amounts: 1 Amount to pay for all the legal expenses. As DECN already pre-financed the legal expenses – this money will be added to cash. And then comes the second amount: calculated based on the possible damage of the blockade with a formula times 2 or 3.
The intervention from the U.S Solicitor General means that DECN (Pharmatech) as a matter of fact, will have the support from the highest US Federal Agency in the court and this of course will increase the settlement amount. By how much, I have no idea, but we are talking here some more millions. At the end, it will be cash in the bank.
DECN is preparing itself for a very bright future.
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