First of all, MHR will not sell the company for 8 dollars or 744 million. Anyone that follows these programs knows better than to believe MHR would accept that number for the entire company. Enough said. Goemis is not in touch with MHR's reality and "knows nothing".
BTW, does anyone remember MHR declining a huge takeover premium on LEAP wireless 3-4 years back???? Today its $6
A little more color
Let's say novartis captures 2 billion in sales for 10 years?
That's 200 million to emis for 10 yrs or 2 billlion dollars - MHR will not sell the company outright to NVS for 744 million or 1 billion and leave NVO on the table along with medical foods. The present value of 2 billion today vs 15 years may be 1 billion but he's not spending money on trying to prove Eligen, he would rather collect milestone payments and royalties.
I do think he would take 1 billion for the sct program and the right for nvs to play with it in house.
Prove you know anything about emis selling the company.
Another fact, the company paid 300k for a ceo search and the search is very live. I heard a ceo just declined the offer very recently not MHR declining the ceo search.