Friday, July 27, 2018 4:17:05 PM
It would be great to have an FDA decision before an asset sale so the sale could get the most bang for the buck---or possibly nothing 
When faced with the FDA application process, at what point does the trustee pull the plug?...
he is granted the authority to "operate" the company for a limited time---what is limited when dealing with the FDA?
he is working under a financing agreement with the stalking horse bidder---an agreement that has a due date----does he put off the sale until after that due date--violating it?---will it be amended?
he has a bid floor now provided by the Marshall's with potential overbids--there is no risk---he is guaranteed nothing more beyond that and it probably isn't in his best interest to gamble on an FDA anything...
of course, shareholders would like to be in a better position---but quite honestly, no matter which way this goes, IMO shareholders have no position...
potential buyers of the tech would like to get it on the cheap--especially the stalking horse guy--the quicker the better..
I hope to be proven wrong....
When faced with the FDA application process, at what point does the trustee pull the plug?...
he is granted the authority to "operate" the company for a limited time---what is limited when dealing with the FDA?
he is working under a financing agreement with the stalking horse bidder---an agreement that has a due date----does he put off the sale until after that due date--violating it?---will it be amended?
he has a bid floor now provided by the Marshall's with potential overbids--there is no risk---he is guaranteed nothing more beyond that and it probably isn't in his best interest to gamble on an FDA anything...
of course, shareholders would like to be in a better position---but quite honestly, no matter which way this goes, IMO shareholders have no position...
potential buyers of the tech would like to get it on the cheap--especially the stalking horse guy--the quicker the better..
I hope to be proven wrong....
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