Therapix Biosciences Ltd ADR TRPXY

stopped out today

[edmed]

I won't be back
the whole thing has been very disappointing
edmed

[Fundy13]

I agree, they would have been better off accepting reduced terms from FSD Pharma then doing this bad deal.  Even if they took a buyout at 50% of the original $48million offer that would be double what they just sold shares for. They basically just valued themselves at $12million

[Mining_Engineer_UBC]

I feel your pain edmed. And its an act of courage to sell at what I'm assuming is a loss. For others still holding TRPX I will say that although this financing deal is not on the greatest of terms, it does obviously buy us some time to further advance our research and hopefully line up a merger/acquisition deal. In that sense this news reducing the risk profile in the near term as the risk of

[Fundy13]

I knew financing was a good possibility and I knew the stock price woudl likely drop if that happened.  What has surprised me is how big a difference in financing this time compared to last.  They were just able to borrow at 5% with convertable debentures less then 6 months ago and now they are selling shares at $3.50 which is about a 20% discount to the 30 day moving average and