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Bullboard - Stock Discussion Forum TELESTA THERAPEUTICS INC T.TST

"Telesta Therapeutics Inc is a biopharmaceutical company. The Company is engaged in the research, development, manufacturing and commercialization of human health products and technologies."

TSX:TST - Post Discussion

TELESTA THERAPEUTICS INC > 100,000,000 shares for sale?
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Post by thePlayer on Dec 29, 2015 7:16pm

100,000,000 shares for sale?

can somebody provide reference to document that states when those 100M shares are eligible for sale.  Apparently they already are, so factual reminder will be appreciated. 
Chart doesn't look very bad at all so far (not 1 year one obviously).
Comment by 1wascallywabbit on Dec 29, 2015 9:17pm
I couldn't find anything in company news releases that stated there was a 4 month hold on these 108 million shares, but it is customary that there would be. I am told there was an email from the company that did say that, but also said the holders of those shares were not traders so it was a moot point??? The date of the NR re financing was Aug 19th, so we should have passed the 120 days last ...more  
Comment by thePlayer on Dec 30, 2015 12:45am
well, if in fact that 100,000,000 shares bought by new investors (and partially insiders?) are saleable then there got to be something to this - NOT A LOT OF SELLING PRESSURE lately I would dare to say. People got in BEFORE an unexpected fiasco and do not seem to be too concerned with AdComm disaster...... Am I missing something here? Smart (and big) money know something we don't?   SIT ...more  
Comment by HighteawithIntrepid on Dec 30, 2015 2:57am
I try page 9 of the annual report and you will see 4 months in print.  Given that we have just passed through the last of tax loss selling season there should me no more selling pressure. down to less than 60 days to go HT
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