Last Conference call - Deal Day...
Desjardin, the advisor was absent. Maher Yagi is silent like a rock.
Seagal is a savvy little guy. Saying that strategic review is ending is also pushing everyone interested to make final bid / offer / proposal or to start DD quick to make one.
Saying that any deal kind of deal is open also opens doors to anyone interested. Maybe a lucrative licensing deal can still happen.
Since that call, market has stopped dumping shares.
On a technical level, stock has since move back up.
TLN is a small regional stock. Buyers are from Quebec, very small market. Another reason why stock is ignored.
Caisse de depot and FTQ were initial shareholders. A "white knight" scenario is also possible however unlikely.
Biggest losers are initial shareholders.
Biggest winner are new shareholders
Ultimate winner is the deal maker, as that entity is basically getting 3 strategic compounds for almost nothing. Tax saving alone is worth 30-40millions.