Tuesday, June 28, 2011 12:40:30 PM
Plus the net proceeds to SUGO will be in the $12 mil range if they get this financing as the interest and fees are paid up front from the proceeds.
They are burning cash without regard to the study and they will be needing all they can get. Throwing any away on a buyback is probably the furthest thing on the minds of management.
If they are reading this board they might be laughing at your thought however :)
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