Nov. 14 at 8:01 PM
$TRIB Perceptive got about 95 million in stock. It’s close to the amount they are owed. Perceptive knows the CGM deal isn’t going well so instead of TRIB defaulting on the loan, perceptive will take what they can from the shares, and because its stock they can write off the loss. I’m guessing they only are able to exit 30-40% of what they put into the deal. Then comes the R/S.