My thoughts on your thoughts. a) share price may well suffer through class actions, however as we have seen, msb is insured for such events and therefore class actions will not effect opex, or the valuation of products or share prices after approval. They are simply headline grabbing temporary downward pressure. Can you show evidence of the last 2 million or so class action that it did actually move the SP at all ?
b. Agreed, and until we are approved this continues to dominate momentum. However on approval this will also be the cause of huge upward pressure ... near 10% at present.
c. If they need to CR they CR... but if gvhd approved, it may not be required.
d. Who knows what covenants .. exactly. Maybe there are none such as what you speak of. Maybe the extra draw down only occurs if the sp is above a level, or maybe its based on product approval. We both have no idea.
MSB Price at posting:
$1.06 Sentiment: Buy Disclosure: Held
(20min delay)