2016 Biotech Charity Contest Message Board

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Biotech / Medical : 2016 Biotech Charity Contest

XBI 109.29

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Nov 6 4:00 PM EST

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To: BulbaMan who wrote (221)	8/15/2016 1:15:26 AM
From: Daniel Ward	Read Replies (1) of 311

BINDQ (DNIB Unwind) buyout by Pfizer - Hi Bulba, per the below from the 8/1/16 8-K, it appears to suggest that BINDQ holders will receive their first cash payout in October: "The Company expects that any cash distributions to stockholders as a result of the consummation of the Acquisition will be made pursuant to a plan of liquidation, which is expected to be confirmed by the Bankruptcy Court in September 2016. The Company anticipates that the first distribution to stockholders will occur in October 2016. The amount of any distribution to stockholders is subject to a number of factors including, without limitation: (a) any filed claims against the Company, which are due on August 30, 2016, (b) collection of accounts receivable, (c) the amount of claims against the Holdback (as such term is defined in the Agreement), and (d) payment of the Company’s expenses. As a result, the Company is unable to predict the amount of any cash distribution that stockholders may receive." Link: sec.gov

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