TAKE A LOOK AT LOMBARD MEDICAL - I'M IN 2 IT

hi 2bob

good research, thanks from us all - the last para does not fit the events exactly but for "benefit" read "pain" and then the "net proceeds" term is in place - only issue is that the proceeds were not a third party validation as it was up to lmt board to decide how much they wanted to raise (sort of)

i assume we can add interest to the net proceeds - although it is not really clear - interest always seems to this child to be an alternative to risk and reward/pain


the last bit in the jigsaw poses the question - how much did boston pay for what percentage ? from an earlier bb i noted that i did not expect them to do it at top dollar - if they came in for 10%, simply multiplying their investment by 10 would give their view of the business. probably does not vary that much..

so we are left with the part-paids - come on you boarders - ideas ?

bi bi