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Raptor Pharmaceuticals Corp. Message Board

furbush87 6 posts  |  Last Activity: Apr 3, 2016 3:44 PM Member since: Oct 21, 2008
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  • Reply to

    conference call

    by dailyn9322 Apr 2, 2016 6:06 PM
    furbush87 furbush87 Apr 3, 2016 3:44 PM Flag

    They don't talk about other SDI's until they have a signed agreement. There is at least one more of similar size

  • Reply to

    dilution from Vertex

    by dailyn9322 Mar 17, 2016 7:26 AM
    furbush87 furbush87 Mar 30, 2016 1:53 PM Flag

    It could be 50%, but if the company reaches a valuation of $200m its still 500% higher than today.

  • Reply to

    The IGN financing

    by dailyn9322 Mar 27, 2016 9:03 AM
    furbush87 furbush87 Mar 30, 2016 1:53 PM Flag

    Look them up. IGN does GIS advising and education, when they get a contract to install SDI they sub it out. Not a direct competitor and serves as more proof that things are moving along.

  • Reply to

    Intermap Announces Debt Restructuring

    by kcapanm Mar 3, 2016 7:36 AM
    furbush87 furbush87 Mar 11, 2016 10:47 AM Flag

    Vertex has over $1b in assets, so selling ITMSF can't be about money. It was less than a month ago that ITMSF and Vertex renegotiated debt, so it stands to reason that Vertex knows if ITMSF is about to default, or if a contract fell apart, and they are selling on this info, all of $1.2m worth. So to me, the fact they are selling means there is no negative coming. Now why are they selling now instead of last year? They could be making room on the books for more, I don't know what agreements they have **EDIT** I looked up the rule. I take their selling to be a very bullish signal. It does mean they are making room for debt conversion, warrant execution, or a issuance of stock for royalty elimination. Can't see any negative, would appreciate the devils advocate to step out.
    Here is the rule
    What Happens if I Become a 20% or Greater Shareholder?

    Do not become a 20% or greater shareholder without first speaking with Canadian legal counsel. Canadian securities laws prohibit acquisitions of outstanding securities of an issuer that result in an investor holding 20% or more of a class of voting or equity securities of a Canadian public company without making a formal takeover bid (that is, a public tender offer). There are a few exceptions to this requirement, including purchases through private agreements and limited public market purchases, but it is important to get specific legal advice about them before increasing your ownership level to 20% or more

  • Reply to

    Intermap Announces Debt Restructuring

    by kcapanm Mar 3, 2016 7:36 AM
    furbush87 furbush87 Mar 3, 2016 8:43 AM Flag

    Vertex likely wants to see 2 things before they drop the interest rate on these loans to a reasonable rate. 1. That the DRC makes its payments on time with Intermap executing the contract milestones. 2. That Intermap is not a one hit wonder, but that they can in fact close multiple deals. The debt now being due in Aug tells me that Intermap believes they can accomplish whatever it is that Vertex wants to see, well in advance of Aug.

  • Reply to


    by instocks4 Mar 1, 2016 5:39 PM
    furbush87 furbush87 Mar 1, 2016 8:29 PM Flag

    we have about 3-4 more weeks at this level. 2 things will happen at the same time, either $12m and debt/royalty restructure, or 2nd contract debt/royalty restructure. Either one sends this up big because it will remove all remaining fears/caution.

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