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raistthemage

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raistthemage

Re: DewDiligence post# 11953

Monday, 06/23/2008 9:34:25 AM

Monday, June 23, 2008 9:34:25 AM

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Although the fit between the companies looks good, the scant $5M in deal payments that GTC expects in 2008 is disappointing, IMO.

If it gives them enough to limp to the milestone payments they are due from Merrimack on DIC then the deal is fine... they only need just enough to limp into profitability. What did GTC give up in the deal?
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