RE:Partnership coming $ 640 million to $740 million.
Forget $3, let alone $11, at the moment there is nobody willing to pay 45 cents Canadian. I have a hunch that last Friday's news was known for a while especially by those participating at 34 cents. And trading below Friday's meagre close after confirmation of a priority review has got to be more than a bit embarassing for the company. I don't see takeout offers beyond $1.50 canadian. French Canada company, small target population, still lots of regulatory risk and far too much emerging competition as Telesta's only analyst has noted. The headwinds on the stock will continue to be strong.