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great-grandma

11/01/07 3:09 AM

#10085 RE: tommyb #10084

We'll be OK once RECAF is partnered with Abbott's PSA test, and considering how long Abbott has had RECAF, surely that won't be too much longer. Terry mentioned revenues in the ballpark of 2-3 dollars per test, so that would be a considerable amount.
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mcd2inga

11/01/07 11:42 AM

#10089 RE: tommyb #10084

Tommyb,
From my conversation with Terry (not to quote him though), my impression was that the the current funds on hand should be enough to last until revenues start coming in. The clause in the loan about another 3 million was looked at as more of an option than a requirement.

I feel okay about the loan unless a contract specialist tells us otherwise.