Very odd unless investors see this BK prevention. That or those manipulating price have heard SEC was notified. Whatever, volume is up almost 2x average so it's not a low volume float. Very interesting.
Yes, very interesting. Wonder how much will go towards DX-2930 compared to general expenses? I thought they had around 20 million in cash already. Wish these people would follow through with what they were saying 5 years ago when I jumped in. I'm beginning to think they just want to pad their never ending pot of gold at shareholders expense.
I think it is a smart and understandable move. Kalbitor sales have a uncertain outlook. Their Licensee-Pipeline is good but they only get Royalties betwenn 2-3 %. And they first have to pay debt with it if a product is approved.
"Until September 30, 2016, required payments are equal to the sum of 75% of the
first $15.0 million in specified annual LFRP receipts and 25% of specified annual LFRP receipts over $15.0 million. After September 30, 2016, and until the maturity date or the complete repayment of
the Loan, HC Royalty will receive 90% of all included LFRP receipts."(10k)