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Bullboard - Stock Discussion Forum 9342-8530 Quebec Inc DGCRF

Diagnocure Inc is a Canada based biotechnology company. It is primarily engaged in the business activity of development and commercialization of products relating to the diagnosis of cancer. The group generates its revenue from research and license agreement. The head office of the company is located in Quebec, Canada.

GREY:DGCRF - Post Discussion

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Post by Roundingerror on Jan 01, 2016 4:33pm

Nope!

I can't think of a single reason why I would vote in favour of this.

My entire investment is in my TFSA, so I can't write off the loss and the offer is a fraction of my average purchase price.   I guess it's possible that some other company down the road will offer less, but we are so close to rock bottom, I'd be willing to throw those dice.  

I would assume, however there are much larger investors out there who could use a tax loss or have been smart enough to average down over these many years, that they will wind up with a much smaller -- if any - loss,  For this reason, I would expect this thing will sail through.

It seems such a shame to see this thing sold at a fire sale price when there appears not to have been any fire.
Comment by Dibah42 on Jan 01, 2016 6:55pm
The "fire" is the cashburn.  Soon there will be nothing left. While I sympathise with your predicament we are all in the same boat of having to take a loss. And none of us probably "needs" a tax loss. The question is: what are the alternatives? Do we get $0.12 or $0.00 for PCA3 by just waiting in hopes of a better offer?  And where is that offer to come from?  We ...more  
Comment by Roundingerror on Jan 01, 2016 7:07pm
All good points I suppose, and thanks for making them.  So many have been holding out for a better outcome for so long.  If that's not to be, I guess we can all move on to better things. Happy New Year to you too!
Comment by 2j3kl on Jan 03, 2016 7:25am
This post has been removed in accordance with Community Policy
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