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exwannabe Monday, 10/12/15 02:34:35 PM
Re: DownWithPumpers post# 15358
Post # of 15380

Re: Start-up losses

There is a "line of credit" type loan in place with SNY such that these losses do not have to be paid in cash. Forget the number, about $200M?

That will help out on the dilution front to some extent.

But they certainly need cash to keep the ship afloat until the numbers go green. So I do agree that dilution is obvious. I will be stunned if we do not see $100M or so of dilutive financing in place in the next 30 days