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Alimera Sciences, Inc. (ALIM) Message Board

cva_43 5 posts  |  Last Activity: Jun 1, 2016 1:51 PM Member since: Dec 18, 1998
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  • cva_43 cva_43 Jun 1, 2016 1:51 PM Flag

    This doesn't really alleviate their debt issue entirely. They only changed the definition of "liquidity" . They are still running out of cash. Unless there is a huge sales ramp they will likely have another preferred offering with a conversion feature somewhere between 1.50- 2.00. From the filing:

    Liquidity” means the sum of (i) the Consolidated Group’s unrestricted cash on deposit in Deposit Accounts located in the United States that are subject to an Account Control Agreement plus (ii) the Consolidated Group’s and their Subsidiaries’ unrestricted cash on deposit in Deposit Accounts in the United Kingdom that are subject to a first lien perfected security interest in favor of Agent plus (iii) 80% of Eligible Accounts Receivable plus (iv) the Consolidated Group’s and their Subsidiaries’ unrestricted cash located outside of the United States or the United Kingdom even if such cash is not subject to a first lien perfected security interest in favor of the Agent; provided that amounts as described in clause (iv) greater than $2,000,000 shall not be permitted to apply to the sum.

  • Reply to

    Miller Time

    by jengastock May 10, 2016 7:52 PM
    cva_43 cva_43 May 12, 2016 9:06 AM Flag

    "Why? Because some CEOs are not capable of taking a small company to the next level "

    Wow...really??? You think IWSY is ready for the next level? I don't think they've arrived to the first level since they really do not seem to have any new paying customers. If Goldman gets rid of Miller now it says that everything announced over the last 3 years is worthless. This is a tiny little company. Miller has been responsible for everything from software development to contract negotiation. You act like he's running some kind of software conglomerate and you can interchange CEO's who are responsible for little more than overall operating strategy and interface with the public. Miller runs everything and is responsible for everything at IWSY. Expect a stock price in the pennies if they fire him now.

  • Reply to

    Miller Time

    by jengastock May 10, 2016 7:52 PM
    cva_43 cva_43 May 11, 2016 4:47 PM Flag

    Why would Goldman consider replacing Miller if the partnerships were of great value? He wouldn't...at this point it's about the only indicator of Miller doing his job.

    If they toss Miller at this point the stock goes to a valuation of say 3-4x revenues or about 25 cents or so because that will tell the world Millers partnerships are of no value.

  • Reply to

    Miller Time

    by jengastock May 10, 2016 7:52 PM
    cva_43 cva_43 May 11, 2016 3:50 PM Flag

    If Goldman throws Miller overboard it's an indication that every partnership they have put together is worthless and that the worst fears about this company are true....that there is nothing here.

    At this point I wouldn't be wishing for Millers demise. IWSY is finished and so is this investment if that happens.

  • Reply to

    New lows again

    by twicesilent23 May 2, 2016 1:52 PM
    cva_43 cva_43 May 2, 2016 3:25 PM Flag

    What's amazing is that the people on this board are watching the volume and their stock trades for 4 tenths of one cent pre split. I'd say the company is bankrupt and the creditors will soon own their worthless patents and the delusional bozos on this board will get a lesson in business economics 101.

ALIM
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