What has had me wondering is why release the loan covenants now? Why were they confidential to begin with? They were given confidentially by the SEC for nine and a half more years. My only conclusion is that Unilife wants to give investors as much information as possible without hurting negotiations. If they were negotiating with a customer and the customer knew they really needed the up front payment to meet their loan covenant they would be tougher to finalize a deal with. If this is correct then negotiations have come to an end one way or another.
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