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DexCom, Inc. (DXCM) Message Board

get_real_pleeze 1 post  |  Last Activity: Feb 24, 2015 2:00 PM Member since: Apr 10, 2010
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  • get_real_pleeze get_real_pleeze Feb 24, 2015 2:00 PM Flag

    This is the part of the PR that explains the company loan

    The plan discussed above is an agreement between Dr. Goldberg and Mr. Goldberg and Platinum Management (Echo's largest investor with approximately 30% ownership). Platinum Management or its designee, has committed to fund Echo Therapeutics with $3 million over the next 30 weeks (equivalent to $100,000 per week) to be used for the benefit of Echo and its shareholders. One of the key terms of this deal is that only Dr. and Mr. Goldberg, as opposed to the entire Echo board of directors, will have control over these funds. Platinum has proposed that in order to prevent the misuse of these funds, current directors Vincent Enright, James Smith, and William Greico will not have access to Platinum's capital nor have any right to determine how the new funds are utilized. Concretely, these three "lingering directors" will not be able to use the funds invested by Platinum for legal defense of their past actions or any other self-serving purpose

    Sentiment: Buy

60.74-1.22(-1.97%)Feb 27 4:00 PMEST

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