exwannabe Monday, 10/12/15 02:34:35 PM Re: DownWithPumpers post# 15358 Post # of 15380
Re: Start-up losses
There is a "line of credit" type loan in place with SNY such that these losses do not have to be paid in cash. Forget the number, about $200M?
That will help out on the dilution front to some extent.
But they certainly need cash to keep the ship afloat until the numbers go green. So I do agree that dilution is obvious. I will be stunned if we do not see $100M or so of dilutive financing in place in the next 30 days