Thanks much for all this digging. I'm guessing those royalty streams are mostly for low revenue approved products. There's plenty like that out there that only sell a few million $ (or even less) per year.
Bottom line is that someone was willing to put up $8.5 million initially to help RGDX move forward.
Perhaps they could have went with a BDC (Business Development Company) for this type of loan. I hold some OEDV (small oil driller) that obtained a $20 mil loan from AINV (Apollo Investment) at an even higher interest rate.
Checked the website.....6 jobs are open. Things picking up?
Also encouraged that SWK is willing to put a decent amount of $$ ($8.5 million now) on the line to support this company. Do you think they'd do that if things weren't improving?
Still holding my SPXU (shorts S&P 500 X 3). A little more pain today, but not a huge position. Still much cash (about 66%) and will be raising more cash today.
Well, I got a nice pop out of my MLP - CEFs. All 4 are up 2% or more. Too many of these conversions will hurt the ROC though. Will turn those divs into income vs deferred income. Lots of direct MLP holders aren't going to like this if it becomes a trend.
Looks like many unhappy with potential taxable event. I have no direct holdings in KMP or KMI. I certainly have some indirect holdings through 4 CEFs that hold MLPs......FEI, CEN, FPL, and NML, all in taxable accounts.
Not really worried about what it might do to me (not much I assume), but if this becomes a trend it'll affect many that like those tax deferred distributions in the form of ROC.
AVNR......Nuedexta approved and selling for 3 years ($100 mil + annually) . Many additional indications being tested. Already beat back a challenge from the generic leeches. Smaller market cap than KERX.
Kel......holding both KERX, AVNR, and others
Packers at Tennessee Titans Saturday night 7:00 pm central.....pre season. Starters play a couple series and then the prospects.
Gained .05 of 1%.....call it a wash. DJIA was up .37 of 1% for the week. Slightly better than a wash. Only made 6 trades all week. Lowest level in many months. Still holding the SPXU (S&P 500 3 X short). Will see what Monday brings.
Have a great weekend all. Beautiful weather here in Green Bay. Next 3 days highs in the low 80s. no rain. We are really dry though.
Looks like the "new" involvement in Iraq is raising concerns. S&P 500 and NASDAQ down similar percentages. Japan down. London futures down as well. sitting on much cash.
Take a look at SCHD (Schwab High Dividend ETF). Yields about 3%. Annual fees are .07%, actually lower than similar Vanguard ETFs like VYM and VIG (.10% fees for both).
I have a small position in SCHD.
He was my broker from about 1983 - 2006. I left him when I could no longer handle $100+ commissions (Full service broker) as I was making all my own decisions. It was an amicable parting and we remained friends. We were only about 1 year apart in age so we had many things in common. That's when I moved my $$ to Fidelity.
Only 2 sales, no buys.......Sold SFY (Swift Energy) for a 50 cent gain. Sold BKCC for a tiny loss. Went to my ex Stock Broker's funeral. Passed away @ age 63 from Leukemia that ate him up in a few months.
Have the Grandkids all day tomorrow. Quiet trading week for me. Am 70% in cash.