Monday, April 22, 2024 4:25:54 PM
Now back to reality...instead of 1.25% interest on a $144 financing and a convertible at $21.21 we have a new financing deal(due 2029) of $160 million at 7% and a convertible at $9.89, which hopefully will be converted(or else we are really in trouble) at some point, which will lead of course to greater dilution!
However not all is lost, as if you believe in what Laughing Water Capital had to say, things still look very good for the share price going forward...so their target or projected price was only moved down from $30 to $33 to $25 to $28.....so depending how long it takes to fill their capacity, still a pretty strong return on the current value of the shares......unless of course there are more screw-ups down the road!
So I guess I am OK to wait a couple of more years to find out if these guys know what they are talking about and will be happy to walk away with anything in the $25 to $28 range!!!
Still waiting for the restated earnings and of course that long delayed CC.....any questions???
Recent CDMO News
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