At last some free time (I do have a day job) to reply to the inane response from one known naysayer and another...who claims to be a Long.
In response:
Subtle change in direction : opinions differ....debatable...not worth the time
Cashflow : please note I said financial institution will "lend against" this cashflow, not make a derivative out of it? Selling the income stream? Didn't 2008 teach you anything?
Have you thought of going back to basic borrowing 101 like walking down Mainstreet and have a Property Title in your hand and telling Mr. Bank Manager " Sir, I have this property that has been rented out to XYZ Company (here are their financial statements and Sir, they are going to make improvements and these asset enhancements will belong to my company at the end of the rental period) and oh, they will be paying a rental of say $100k a month.....can I BORROW $xxx since I have this current income stream and can SERVICE a loan for at least 5 years but would like to ask for a X years loan tenor? Terms to be determined. All a matter of financial packaging. The property is currently valued at $YYYm and Sir, your LOAN to ASSET cover is X times. (Could someone familiar please fill in the YYY)
I won't do your homework for you but please call up any bank in the UK with this loan proposal and see how much you can get. (Clue : much more than $3-4m throw in a well known company as a tenant and a locational backdrop where there are other pharmaceutical campuses).
Besides the loan giving them some breathing space, a successful trial will also give rise to partnership opportunities. So if you still spread FUD that this rental income is inconsequential to a biotech (whom before this event did not have any monthly income) well....and also, please don't subtly hint at an R/S, if Linda stoicly went through a migration from Nasdaq to the OTC to avoid an R/S, do you really think at this late stage of the game she will go down that road? Please, a higher standard of FUD.
I've jousted with Jerry Campbell over at YMB many a time on Finance matters and the retorts on my current post are pretty amateurish compared to the exchanges he and I had over the years. Understand he is now over at the Village...still proclaiming his "Mother Teresa" work of saving us investors from "Enron Linda", he really should see a therapist, after all he says he has no skin in the game but spends the whole day at the keyboard posting.
