TSXV:BTI.H - Post by User
Post by
JDavenporton Mar 23, 2021 12:03pm
171 Views
Post# 32858322
Don't be silly...
Don't be silly...Sometimes the over-the-top efforts to be negative on this forum border on the silly. This warrant extension by Bioasis is the right and proper thing to do. Even if great news comes out today and causes the share price to double, or move to almost a dollar, the warrants would needlessly expire unexercised. Further, the company has a right to force the exercising of the warrants if the price goes over $1.50 for 10 days. That right would expire with the warrants. Either way, serious money would be lost by the company and opportunity would be needlessly lost to the warrant holders.
The investors who bought the financing behind these warrants are longtime (long...!) investors in and supporters of Bioasis. Those warrants have value to them. They don't need to be knee-capped by an expiration.
As far as I'm concerned, the Bioasis story got restarted, reloaded and reset less than 9 months ago with signing of the Chiesi deal. Before that, this thing was, if not roadkill, at least road wounded. With no money Bioasis could make no moves, do no studies nor generate any news. Now we have at least 23 drug/disease combinations in play with data expected imminently, thanks to the money brought in by DrDR.
To make a statement that the prudent extension of the warrants' expiry date, and even the lowering of the hit price, together mean that Bioasis will have no news for an extended period is a logical fallacy not worthy of serious investors.
I have more to say elsewhere about this and other important things.
You know, Bioasis is starting to be a fun thing to watch, and certainly a fun thing for me to write about. Too many of you are so negative, and purposefully trying to be negative, that you're missing the real stuff that's going on. You'll see what I mean soon enough.
jd