The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
You’re so gullible you believe anything ‘the company’ says.
Bottom line is no decent ceo will want the job with sociopath stroll making all the decisions. Even the banks are saying it.
"Other headwinds include potential governance issue. Lawrence Stroll’s executive chairman position has been described as “sub-optimal” for a plc and could make it difficult to attract future leadership to succceed CEO Amadeo Felisa, who is set to retire."
New bonds:
$137m per annum in interest
old bonds:
1.184 billion at 10.5% = $124.32 million $
121,660,456 at 15.0% = $18.249 million
Total $142.569m per annum
Saving $5.5 million per year. The old bond term was Nov 2025 and the new March 2029, i.e. 3 years and 5 months. Saving $19 million in interest, but how much will it cost?
AML have extended revolving credit from £70m to £170m, so £100m EXTRA in debt.
AML have also said cash will be used to fund this bond refinancing, how much?
When cash levels sink, when is the next CASH RAISE? AML are losing c.250m per year.
So OVERALL, AML are in a worse position with debt than they were.
New bonds:
$137m per annum in interest
old bonds:
1.184 billion at 10.5% = $124.32 million $
121,660,456 at 15.0% = $18.249 million
Total $142.569m per annum
Saving $5.5 million per year. The old bond term was Nov 2025 and the new March 2029, i.e. 3 years and 5 months. Saving $19 million in interest, but how much will it cost?
AML have extended revolving credit from £70m to £170m, so £100m EXTRA in debt.
AML have also said cash will be used to fund this bond refinancing, how much?
When cash levels sink, when is the next CASH RAISE? AML are losing c.250m per year.
So OVERALL, AML are in a worse position with debt than they were.
I told you, fees from banks to set this ups are exorbitant, and make are much more than any savings AML make.
Because there is not a cash raise today, you think that's it forever?
How are they gong to pay for this debt refinancing?
How much does it cost?
Why refinance when you ended up paying more in fees than what you save?
New bonds:
$137m per annum in interest
old bonds:
1.184 billion at 10.5% = $124.32 million $
121,660,456 at 15.0% = $18.249 million
Total $142.569m per annum
Saving $5.5 million per year. The old bond term was Nov 2025 and the new March 2029, i.e. 3 years and 5 months. Saving $19 million in interest, but how much will it cost?
AML have extended revolving credit from £70m to £170m, so £100m EXTRA in debt.
AML have also said cash will be used to fund this bond refinancing, how much?
When cash levels sink, when is the next CASH RAISE? AML are losing c.250m per year.
So OVERALL, AML are in a worse position with debt than they were.
I told you, fees from banks to set this ups are exorbitant, and make are much more than any savings AML make.
New bonds:
$137m per annum in interest
old bonds:
1.184 billion at 10.5% = $124.32 million $
121,660,456 at 15.0% = $18.249 million
Total $142.569m per annum
Saving $5.5 million per year. The old bond term was Nov 2025 and the new March 2029, i.e. 3 years and 5 months. Saving $19 million in interest, but how much will it cost?
AML have extended revolving credit from £70m to £170m, so £100m EXTRA in debt.
AML have also said cash will be used to fund this bond refinancing, how much?
When cash levels sink, when is the next CASH RAISE? AML are losing c.250m per year.
So OVERALL, AML are in a worse position with debt than they were.
I told you, fees from banks to set this ups are exorbitant, and make are much more than any savings AML make.
JWBellamy
Posted in: QBT
Posts: 844
Price: 1.375
No Opinion
RE: Funded till revenue so read it and weep BobSucksToday 14:29
You guys will do well to keep eyeballs on Aston Martin, they’ve just had a major credit upgrade at S&P. Shares starting to rally off lows
JWBellamy
Posted in: HE1
Posts: 844
Price: 1.25
No Opinion
RE: Sweet Spot - Time to buy moreToday 14:28
You guys will do well to keep eyeballs on Aston Martin, they’ve just had a major credit upgrade at S&P. Shares starting to rally off lows
Https://www.ft.com/content/74713a22-f557-43d3-8952-645de8211ee7