Do not ask me who I am as I cannot and will not disclose. I want to end any of the rumors that are accurately mentioned on this board, in offices or out in the field.
There is no chance with Aralez or most likely any other company will be purchasing or merging with Pernix unless things turn around quickly, as we've been told. Aralez's $200mn line of credit from Deerfield stipulates that the target have four consecutive quarters of positive EBITDA, which we have not accomplished unfortunately. This has been a stumbling block for any potential buyout from interested parties.
Yes things can change, but this is the current state we are at. So focus must be on the company improving sales, decreasing costs and showing a profit during the next four quarters. While making our debt payment to creditors.
Thank you
There is no chance with Aralez or most likely any other company will be purchasing or merging with Pernix unless things turn around quickly, as we've been told. Aralez's $200mn line of credit from Deerfield stipulates that the target have four consecutive quarters of positive EBITDA, which we have not accomplished unfortunately. This has been a stumbling block for any potential buyout from interested parties.
Yes things can change, but this is the current state we are at. So focus must be on the company improving sales, decreasing costs and showing a profit during the next four quarters. While making our debt payment to creditors.
Thank you