InvestorsHub Logo
Followers 8
Posts 921
Boards Moderated 0
Alias Born 10/07/2015

Re: ErnieBilco post# 6015

Friday, 06/05/2020 11:37:35 AM

Friday, June 05, 2020 11:37:35 AM

Post# of 6070
Just because a broker gives that excuse, I think they should hold them still unless it is written in black and white that no payoff is possible.

"Termination. Any liability of Parent and its successors and or assigns with respect to, and the obligation to pay, any Milestone Amounts, other than the Regulatory Milestone, or any directly related payments pursuant to this Agreement shall be terminated and of no force or effect upon the date that is 20 years after the date of this Agreement. Any liability of Parent and its successors and or assigns with respect to, and the obligation to pay, the Regulatory Milestone Amount or any directly related payments pursuant to this Agreement, shall be terminated and of no force or effect upon the expiration of the Menadione Patent Rights. This Agreement shall otherwise be terminated and of no force or effect and the parties hereto shall have no liability hereunder upon the later to occur of: (i) the date that is 20 years after the date of this Agreement; or (ii) the expiration of the Menadione Patent Rights. "


https://www.sec.gov/Archives/edgar/data/831547/000119312513295701/d568990dex23.htm




I was unable to move my CVRs from the original institution where I bought TLON shares. New broker accounts only want to hold tradeable securities. This forced the original institution to hold them in a non-tradeable 'account' (basically dormant for years) with some cash used as collateral.

there is another smaller milestone list for the US company that took over from Spectrum but the original above should apply to our CVRs.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.