Purpose Canadian Financial Income Series A T.BNC

keep your position

[clangordon]

PLI is a very good company we have a small position.
They are trading shares not buying for  dollars TST. They are paying  nothing for assets beyound the cash of TST.  The deal is based in large part on they will keep the employees and thus no severnce payments. The $2.5 million fee if this deal does not close is not unreasonable The question will there be another bid and might there be a wee war for our little company. Hold the line and let us see what happens.
Good luck to all and we are taking a hit of about 20%.

[mercedesman]

I agree. There is a decent chance of a sweetened offer. I bought at 4 cents and 6.5 cents a few weeks ago in anticipation of this very development (M&A offers). Too many good assets to let it go too cheap .15 - .20 is Fair value. NOW we have a floor established at .14. PLI shares are holding up, and are in fact up on the news. That tells me they are getting TST for a song...and their

[Tson99]

Just finished listening to the conference call. Basically between the cash and the tax loss carry forwards they are getting the plants,and MCNA for free.   They plan on getting rid of the Montreal plant. They don't plan on using the Bellville plant until at least 4th qtr 2017. Were not planning to say anything about MCNA until someone asked a question about it. So my questions after

[mercedesman]

Thx for posting That is EXACTLY why PLI shares are not going down as a result of the share exchange. This is a no brainer for them. Cash and tax losses are the cake. The other assets are the icing. Ask yourself why 50 million shares were purchased today. I smell a better offer coming. And there is a floor. MCNA is not dead.

[stepbystep]

Not 50 million ... 103 millions    mercedesman  :)  look  T:TST - TELESTA THERAPEUTICS INC - https://www.telestatherapeutics.com 15:22:05 EDT Sym-X Bid - Ask Last Chg %Ch Vol $Vol #Tr Open-Hi-Lo Year Hi-Lo Last Tr News

[quicksilver545]

Well done, MM, on picking off those shares at 4 and 6.5 cents! I was seriously considering getting some when it was trading around 5 cents, and was very intrigued when there was huge volume pre-announcement up to 7.5 cents. I was hoping that once I got paid out by RPT and AOS, I would reinvest into TST. Oh well, can't win them all... Have a look at DNAI (tipped off by a former value poster on