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BonelessCat

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BonelessCat

Re: govorchin post# 239250

Tuesday, 09/04/2018 12:44:17 AM

Tuesday, September 04, 2018 12:44:17 AM

Post# of 402962
The lease states that there is an automatic extension if one of the two parties do not inform the other of cancellation at least 6 months in advance. So, we should assume the lease is extended, or that Leo has had at least 6 months to work out plans for after sept 30. If extended, then the business of drug development continues at the same facility. If cancelled, then Leo has contingency plans based on outcomes following the 30th. That is, if the plan is to leave the facility then it is likely that deals will include transferring drug development to one or more licensees or buyers. In any case, all possible outcomes are covered already.

* Never borrow to invest.

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