RE:RE:RE:Why is Telestalase trading at 20% of current value?And most likely that will be for MCNA and its derivatives, and maybe, just maybe the Montreal Plant, not the whole company. Telesta Management will have the cash, not the Shareholders. They could then have 60-90 million left to start another venture, which will just be a long slow drain on finances.
Sure, we will get a share price pop, but not up to match cash level, until Telesta makes their move with that cash, and only then if that move is deemed to be a great positive event, which is also doubtful.
Again, Newbies be careful here. History is not on your side;
- BNC had 3 Devisions, Animal Health with $35 mil in Annual Revenue, Human Health with a Phase 3 Bladder Cancer Drug Urocidin (MCNA) and another Division with Econiche - An Ecoli Killer with a Plant to produce it, and Conditional Approval in the. USA, and some small companies using it in Canada, touted as a Major income producer very soon. Billionaires in Australia put $20+ mil into BNC at the time, and they had connections to the Beef Industry. Stock price went to $2.30 around that time.
That was in 2007 ! We had so much going for us, with 3 very major things going on. The CEO was reported to have said he could see $20 sp. LOL.
Fast forward to 2016, almost 10 years now, and all that has been squandered, and the Stock Price is $0.08 or about 97% drop in price from the high, and we have nothing left but a hope and a prayer that someone will pick up the scraps and give Shareholders a big payday.
Sure it is time for something, anything, to go positive here for Shareholders.
I hope and pray it happens as well, I really do....But don't count on it.