Mar. 13 at 8:15 PM
$EBS Absent any news of incremental orders, this play has turned into a spreadsheet at this point. The new entrant to the board of directors is probably playing with it as we speak.
I can do that too, and it is telling me:
1) EBS will hint at having started refinancing efforts in May.
2)pay off OHA in totality in June
3) start shopping around the senior notes in September
This has to be a highly coordinated play, because it would have to involve BARDA/SNS paying their accounts receivable on time, early in June.
Meanwhile, through a quirk of that international order last year, the buyback window is open through June as well. I suspect they will by a minimum of
$10M shares in the interim.
$40M in Q1 '27
This should be
$12-
$15 by September.
