Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bioasis Technologies Inc. V.BTI

Alternate Symbol(s):  BIOAF

Bioasis Technologies Inc. is a multi-asset rare and orphan disease biopharmaceutical company developing clinical stage programs based on epidermal growth factors and the xB3™ platform, a proprietary technology for the delivery of therapeutics across the blood brain barrier and the treatment of CNS disorders in areas of high unmet medical need. The in-house development programs are designed to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders.


TSXV:BTI - Post by User

Comment by Boomskidon Jan 23, 2023 7:09pm
80 Views
Post# 35241057

RE:RE:One Thing

RE:RE:One Thing
Thanks for your comments, OttawaPeter. I get it about creative financings but there is no deal of any kind that isn't dilutive. 
 
Even a deal with Ellipses is dilutive in the sense that an important asset would no longer belong to Bioasis and the company probably would get too little for it. 
 
The deal I like best is something like the Takeda deal with Denali where Bioasis gets a strategic partner, an equity financing done, and some up front revenue for the partner's license. 
 
But Bioasis needs a whole new look. I have documents where I pitched it to RH 8 or 9 years ago. 
 
I doubt that shareholders will vote her out. I don't think they can be bothered to do it. I suspect that Bioasis will fail and lose its assets. Rathjen will be free to do this all over again.
 
I don't have the answers but continuing to do the same things after 15 years doesn't make a whole of sense to me.
 
About Mei Mei, yes, of course she should stay, but shareholders don't have a vote on that so I didn't bother mentioning her or the other employees and contractors. If you do a word search of the Information Circular for the word "Mei" you find that it occurs only twice (feeble joke), and only in the context of "the Company's knowledge," a reference to the combined knowledge of all Bioasis people.
 
This deal was a lot of work for nothing. The time and money it wasted is devastating.  It is another failure. And yet I suspect that there are outsiders still looking at xB3 and the opportunities it would give them if they could get their hands on it.
 
jd
 
<< Previous
Bullboard Posts
Next >>