JTFM,
You're right. That's why I asked whether Simes kept this promise. None of what his previous promises come to reality !!!. He just buy time all the way and get away with his GP. Tang will never want to convert it, even shares on their hand they also want to offload it very fast to minimize loses...
So before the merger Bpax will be debt free with promising off-label libigel +$200m revenue on hand, Bio-T and etc..
What ANI worth?
Why no one answer me what is ANI, CASH vs PROFIT vs DEBT? Zzzzzz
If i'm not mistaken, these are the values,
CASH = ~$200k vs PROFIT = ~$200k vs DEBT ~ $20 million (For 2011)
The reported profit for 2011 which most ppl do not realize that came from selling operation in Gulfport, Mississippi. Without that it will be loses for 2011.
ANI will end up in negative territory again in 2012 and need new funding to continue operation. Guess where the new funding coming from? ANI is surviving company not BPAX which Simes told us all....
CORRECT ME IF I'M WRONG. PLS
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