No position but I read message board to bore me to sleep. I notice every post by tnuts that there is a "more" button. Guy just loves to bloviate. I can't even read those posts to get some shut eye they give me a headache.
Plus dosage was allowed to be changed by bk court as per barda. Definitely will impact margins and profits. But it's not speculative. Fwiw I was stopped out of my position when stock was in mid 2s
Bk court allowed dosage change for barda. That changes profits no? So I guess at time of breach the profits were not speculative. I got stopped out fwiw as I kept raising my stop when it went to 2.66
Yeah you should be able to take that to the bank and get a loan. I'm sure a third party would verify the value it's not speculative.
I think I've been clear all along. I think the settlement is speculative . I have no idea what court does. They may hear appeal they may not.
You just don't get it. A third party verification is key. Involved parties always try to inflate value to get higher price. Ever sell anything?
The court determined that the projections provided to the lenders were a “sound, conservative estimate as to Wave’s expectations at the time.” The reliability of the projections was enhanced because the projections were relied upon by a third party with an interest in getting repaid and because they were not materially different than projections previously prepared by Millenium’s financial advisor. While more aggressive internal projections were not prepared by WaveDivision, the court did not rule out that such projections could be considered in determining the damage award if the projections had been prepared professionally and were in tangible form at the time of the deal and that lower projections were only used to provide a more conservative estimate to its lenders.
A third party was presented with projections at time of transaction to obtain a loan for the transaction. Putting a value on the transaction before the breach.