Technically, they need to pay the $13.5m to Samsun

Technically, they need to pay the $13.5m to Samsung by the end of this month to meet the 45-day cure period. If they do not pay the $22.8m that's due by Jan 31, they have another 45 days to cure the $22.8m breach which puts it in mid-March. So, at a bare minimum, they need to come up with $13.5m by Jan 31, excluding the $6.5m bond of course. Hopefully, by then the sp will be higher due to NASH or something else.

Quote:

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If such steps have not been taken during the cure period, Samsung may terminate the agreements upon 45 days’ notice. Management has communicated to Samsung its intent to commence curing the breach prior to the expiration of the cure period.

With the $6.5m bond for Amarex, that is $42.8m due in Jan.

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My comments are just my opinions and should NOT be taken as investment advice.