Post by
Trendsetter on Jan 27, 2022 4:28pm
Ask yourselves this question re Nasdaq listing..
In May, 2021 Burcon management decided to relist on Nasdaq!
IF Burcon knew that Merit were experiencing real difficulties commisioning the plant ...as we now now that mess continued for the balance of the year 2021 ....would Burcon management have gone ahead and listed? Did Bircon management know the full story? Why list in the US unless the future looked bright and news pending?
Really there was no reason because clearly there was and has been ZERO good news to report in either the plant, sales or JV's since the Nestle news a year ago...so why did they list?
Comment by
Summer001 on Jan 28, 2022 4:10am
The only reason for the listing on Nasdaq was to drive up the share price with the announcement and to ensure sufficient share turnover. All this before the problems became more obvious to investors. Target achieved. Or does anyone believe that a CEO can be so stupid or so surprised by reality? Tegesen yes, but not the 'boss' behind him.
Comment by
capitalraiser on Mar 08, 2022 11:21am
good question perhaps you put it to BU IR and piblish the answer here... could help all of us thx