May. 21 at 5:16 PM
$FBIOP $FBIO I made a yield value chart for your perusal. Holding size is based on Lindsay Rosenwald's disclosed position in FBIOP as of July 11th, 2024 (127,500 shares). The reason I chose the 8% forward yield figure is because Care Cloud's (recently redeemed class B)
$CCLDO preferred stock was trading at this forward yield, and it was in a similar position as FBIOP is now.
https://www.sec.gov/Archives/edgar/data/941841/000110465924079855/0001104659-24-079855-index.html
The current month is highlighted in green to show the value of his holdings in the preferred stock only.
If the BOD votes to make good on the arrears, he will receive
$572,475 USD for the
$4.49 per share owed.
If this happens, I wonder if he will reinvest that cash into the company given that they believe they are no longer in need of any equity financing into the future?