Dermagraft acquisition
- Thread starter Anonymous
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glad that VC group doesn't manage my money, that's a bad investment
Dermagraft sales are up 21% so OI would have to pay a 30% premium on 3 years of sale to acquire this product. That means 108 million in cash that OI does not have and can not borrow from anyone. Rumors are flowing that payroll funding next month is a massive issue.
The head clown loves to dream, bankruptcy #3 is coming.
Our great company owes millions to vendors right now and this could force a bankruptcy style shutdown before summer.
As a DG rep, I saw GOOD LUCK...thanks for buying a sinking ship and for my severance !
They didn't buy anything - it was free.
http://uk.reuters.com/article/2014/01/17/uk-shire-dermagraft-idUKBREA0G0BG20140117
http://uk.reuters.com/article/2014/01/17/uk-shire-dermagraft-idUKBREA0G0BG20140117
Dermagraft's prospects will be null. What makes OI think they can make money selling this product? Just more smoke and mirrors to sucker investment bankers into lending more money. The bottom line is revenue continues to fall and a bankruptcy by years end.
I feel sorry for the institution that ends up allowing them to borrow against this BS asset.
This is gonna end up a disaster
Nah, he's just jelly. He thought his POS HCTP stock price would go up, but today's announcement made it go back down. Poor competitors. We brushed the dirt off our shoulders after the CMS fiasco. Uh-oh.
Seriously? None of my wound care centers will even use Apligraf or Dermagraft. Even with the price drop the hospital CFOs do not think it is a good decision. Theres no dirt getting dusted off…OI is getting their ass handed to them and 2 or 3 new products are taking all the market share.
I love it that you always reply within 20 min of someone saying something good about the co. 90% perspiration, right?
Is this a function of can't beat them so lets buy them? I guess the Shire reps were correct.
Funny. OI bought dg for nothing (literally). Shire only gets paid if revenue goals are met. Didn't you read the reuters article?
Well that's one way to get 2 antiquated products off the market... OI will f that up too... Serves them both right. Overpriced and overhyped with crappy management to boot. So long OI! RIP
Oh are we a bit angry that OI made a brilliant move and you won't be part of it!