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Exposure, Exposure, Exposure...for BIVI

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ejobkar   Wednesday, 09/25/19 02:46:43 PM
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Exposure, Exposure, Exposure...for BIVI

*Catasys is another company under the Terren umbrella...so what does this say for Biovie's chances of getting non-dilutive financing for the next phase?

Tailwinds’ Take: "this is very big news for several reasons. Goldman is a very high quality lender who can obviously get much larger in size as Catasys grows. Their due diligence prior to making this loan is an endorsement of the business model; there’s also a good chance that due diligence leads to research coverage. Projections by Terren for cash flow positive without needing more financing should really put the shorts on notice that they are in trouble. All in all a great piece of news that demonstrates the company’s firing on all cylinders."

https://tailwindsresearch.com/2019/09/catasys-announces-45-million-debt-financing-commitment-from-goldman-sachs-to-support-accelerating-growth/

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