Nothing to worry about. They will use your money to pay. So as you can plainly see its no skin off their noses. It's just another scheme to seperate you from your money.
Sell the loser and buy a winner. Sell nvax and buy BNVI.
I was planning on bringing this up when it was released. What is your take on this agreement? It looks like Cadilla rather than the joint venture so what type of services would they actually plan to use under such an agreement. 7mm is a decent chunk of change. I would appreciate yours or any other knowledgeable poster's thoughts on this contract
I'm no expert, but this issue is being revisited and I remember pondering what the 7.5 million was for in the orriginal agreement.
Here's my simple take on it. CPL was set up with NVAX to build CPL Biologicals. That plant was to produce stuff/vaccines to sell to India and that part of the world, (just seems logical to me). NVAX thought that by 2012 they would have vaccine approval on some level and would be able to produce and sell vaccines through CPL\B.Then Barda came in and delayed the production time frame about a year or 18 months. This is because Barda demanded more Phase 2 testing and of course phase 3 testing. The Mexican trials were not considered to be acceptable as phase 2 by BARDA or the FDA.
So, because approval was pushed a year or so farther into the future, and because India is apparently unwilling to allow drug sales to India that do not have FDA approval for an american made and designed vaccine.. VOILA...
we have to get a one year extension on the agreement with CPL. The way I read the amendment (after casually glancing at it), it doesn't cost NVAX any new unplanned expenditures.
So all is well and Stan can sell the company for 7 bucks/sh. 'Way to go' Stan.
looks like an insider buying flury shortly after that agreement.
hope to hold ground today.
full disclosure here - i have more shares than driscoll but less than evans. i also bought all my shares under $1 on the advice of our board bashers so i am up more than 100 %