RE:so cheap here!
First of all, where do you get your information of only $20 million cash? I'm not exactly sure how much cash is left because as per usual in typical Bioniche/Telesta fashion, this company is vague in all their news reports, but I would be willing to bet there is much more than $20 million cash left. I understand that these figures come out on quarterly reports, but god forgive if this company would want to assure shareholders in any fashion so as to somewhat stabalize the share price in the midst of yet again, another negative news report/update. That would be expecting to much from this company.
I most certainly would not be selling at this price but I'm sure not buying either. I've endured to many let downs with this company over the years and have come to expect that everytime they put any news out, it's always going to have a negative effect on the share price. I've owned this for many years and will not sell now at these levels. As frustrating as it is with this company, they are worth more than what it trades at now. Thanks Telesta for having a well thought out plan B.