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UNS unilife corporation

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27/04/17

09:19

Post #: 24289584
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Originally posted by ceoa1 ↑

Duf-When AS was terminated Unilife had a US$ 200 mil plus market cap, $65 mil in the bank with a commitment for another $25 mil, a new agreement with Amgen and agreements with Sanofi, MedImmune and Hikma. A year later, under new management and with an expanded BOD, they are BANKRUPT.

You can't blame that on AS. Yes, he had his faults and he messed up, but this new lot shoulders the blame for the company's demise, and the joke is that they are still in charge and drawing a salary while the shareholders have lost everything.

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If you are going to quote numbers please quote accurately. The cash at the end of March 2016 was $44m of which $5m was reserved and not useable under covenants. The issue is not cash on hand it was loans as at that time under AS of $126m!

UNS Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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A shame, page-8

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