Mallinckrodt plc Ordinary Shares (MNK) Social Stream
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$MNK Bk threat - just a thought..ALWO, published August 13, 2020
Share price was at the $ 6 and testing 7 range after the Opioid Settlement in principal was announced early this year. That was on the basis of $ 1.6 B Opioid liability and max $ 300 M CMS liability ("favourable outcome")- total $ 1.9 B. The stock market welcomed the announcement and "sent up the share price".
So with $ 1.9 B, we celebrate and the stock will go to $ 6-7 range, but in the scenario of a full liability of $ 2.24 B ($ 1.6 B + $ 640 M (if CMS is lost - AND Opioid plaintiffs won't honour the contingency clause anyways) - there will be financial chaos and we will go bankrupt? Hmmh... something is not right..Bk not realistic..