The other potential avenue is to possibly go into voluntary suspension which can be extended out to 3 yrs from memory.
Yes, can't trade on ASX and would need to completely reduce cash burn in interim but does provide a stay of execution, if u will, whilst they work through possible viable options (if any).
There are also international funders out there that purely provide arbitration funding though what their requirements are I wouldn't know.
Obviously costs are yet to be decided by the arbitrator and that will be the next possible blow as to how apportioned and how much.
Having said that, I did read in the POH fin reports a comment re possible settlement discussions with Mylan in the same commentary about the arbitration.
With the licence still (loosely) in force it would be interesting to see if mylan even placed "any," value on TPM and maybe discuss alternative arrangements on that agreement to their complete advantage going forward, however unlikely.
All uncertain times atm and as said earlier would like to see something further from the Co. as to next steps...can only wait now.
POH Price at posting:
0.3¢ Sentiment: None Disclosure: Held
(20min delay)
