UNS 0.00% 0.5¢ unilife corporation

Wyckoff-The machinery and equipment has been written off by the...

  1. 122 Posts.
    Wyckoff-The machinery and equipment has been written off by the company and the building has a mortgage on it that most likely exceeds the value that could be obtained if it is ever sold. The machinery was specialized for a purpose so it is probably is useless to anyone not producing syringes and the building is large and also specialized so anyone interested in it would have to do a lot of work to redo it for their purpose.

    Unilife has a huge amount of debt to Amgen and OrbiMed, over $190 million I believe which far exceeds its market cap. Even if the building and equipment could be sold they would not clear enough to impact the debt in anyway.

    So get real.
 
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