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Hesitate to ask this, but....

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pdavid
Junior Member

Posts: 52

Hesitate to ask this, but.... Mar 21, 2024 13:26:36 GMT

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Post by pdavid on Mar 21, 2024 13:26:36 GMT

I think given the BRLI cash burn that Opko only has about 1.5 quarters left of cash remaining to remain solvent (based upon 4th quarter results). Well it's nearly April, so it is fair to assume we have ~8 weeks of cash on hand? In line with that, that makes it near impossible to sell BRLI at a price you want because every buyer can more or less name their price (which is possibly why it hasn't sold, FTC excuse aside). Thoughts? I'm going to go throw up now....

greys
Supreme Member

Posts: 659

Hesitate to ask this, but.... Mar 21, 2024 14:55:13 GMT via Tapatalk sgard434, lookingforatenbagger, and 2 more like this

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Post by greys on Mar 21, 2024 14:55:13 GMT

I’d sell below market value in a heart beat just to remove the QoQ losses. Why wait to try and obtain a $100-200 million dollar premium through negotiations when you’re just going to burn through that $ anyway while talking through 1-2 years of negotiations, contract redlines and transition planning.

All of the above excluded if OPK is able to make break even/profitable as projected.

I’m tired of watching good revenue from other revenue streams being gobbled up by BRL.

Edit: they would have been better off just shuttering the doors on BRL right after COVID imo.

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Hesitate to ask this, but....

Post by pdavid on Mar 21, 2024 13:26:36 GMT

Post by greys on Mar 21, 2024 14:55:13 GMT

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