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Westaim


Packer16
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  • 1 month later...

The assets of Nucryst (75% owned by Westaim) will be sold to Smith-nephew for $21US.  After this transaction is completed Westaim will have $40M+ in cash.  They also have significant tax losses that can be carried forward and tax credits, as well as some ABCP and real estate.  They have no debt.

 

http://money.cnn.com/news/newsfeeds/articles/prnewswire/200911101915PR_NEWS_USPR_____TO445.htm

 

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