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SC777

03/04/20 8:16 AM

#1365 RE: hawkmd #1363

Good catch - the "Owned Real Property" and hard assets are excluded.

They are valued at around $12M in the last balance sheet.
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JP8100

03/04/20 8:18 AM

#1366 RE: hawkmd #1363

What does that even mean?
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SC777

03/04/20 8:24 AM

#1367 RE: hawkmd #1363

Still several unknowns here:

1. Unsecured Creditors trying to delay sale until FDA approval for Virtis.

2. Unsecured Creditors trying to disgorge $35M payment to Secured Creditors as a fraudulent conveyance.

3. Excluded assets from IP sale that could bring value (Real Property/Equipment and Aleva license).

Any or all of these things could result in positive value for equity.