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ABUS's Genevant Interests.ABUS owns : 1. 40% of Genevant equity subject to 'substantial'(ABUS verbiage) dilution via potential convert. debt exercise by Genevant debt holders. 2. 20% royalties of $$ received by Genevant via sublicense by Genevant of ABUS patents. 3.>10% royalties on Genevant products using ABUS patents. The extent of private Genevant's convert debt is unknown & therefore, so is the extent of dilution ABUS's 40% equity interest is exposed to. Am I correct? Also, Dirk's speculation that last week's 8-k was to publicly inform re details of the Genevant relationship ahead of ABUS placing ATM shares . There was $48mm/$49mm of capacity remaining, I believe. Will be interesting to see if ABUS did in fact cash up last week in $5-$7 range or higher. |
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Msg # | Subject | Author | Recs | Date Posted |
34878 | Re: ABUS's Genevant Interests. | egomaniakos | 0 | 7/27/2020 8:33:47 PM |
34882 | Re: ABUS's Genevant Interests. | stencil | 2 | 7/28/2020 10:06:44 AM |