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Re: BioInvestor3 post# 384989

Wednesday, 08/03/2022 9:21:40 AM

Wednesday, August 03, 2022 9:21:40 AM

Post# of 424560
B-

They said 15 million had to be written off I think right?

Nope, it was not a write-off.

The Company also reviewed its contractual supplier purchase obligations and has taken steps to amend supplier agreements to align supply arrangements with current and future market demand resulting in a charge of $15.0 million recognized within Cost of goods sold - restructuring inventory on the condensed consolidated statement of operations.

Best,
G

Disclosure: I wrote this post myself, and it expresses my own opinions (IMHO). I am not receiving compensation for it.

Notice: This post is not investment advice, and not a recommendation to neither buy nor hold nor sell.

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