RE:RE:RE:RE:RE:Someone wants out - Good Storyrobertshaw wrote: robertshaw wrote: Watchmen wrote: Not so sure giving away undervalued sahres/plus warrant is a good sign. Not only do the people doing the giving (and receiving in this case) have a great deal more info in front of them, they have done very little-nothing to properly value the company on behalf of all shareholders, which is the only reason for a public company to exist by the way.
I will agree with you that people want to buy things as cheaply as possible and turn a profit. But if you are hurting and in effect punishing your current shareholders to do so it could be taken as contrary to your duties as a public company manager
The proper way to go about this is to drive the maximum value (share price) possible and attempt a financing at fair valuation levels. They have accomplished the opposite here by driving no value over the past 12 months and even at these very low levels attaching a warrant. Theralase claims to be a clinical stage company but they play in the junior bush leagues on their capital raises.
this is the type of financing a near death cororations throws out as a lst gasp
What did the ex but still employed CEO value a P2 company at? was it 5 times this level or 10- times
I think the former and current management all look like a pimp, RW once boost the company's value before the clinical stage should be over $100Million, and for the phase1 human trial successfully finished, should be valued as $300 million over, yet the pimps kept hooking shameless blowjobboss to do endless cheap PPs to screw its royal shareholders with mercy... why should we still allow the pimps to stay at the management position????
The pimps kept doing shameless PP WITHOUT mercy, Missed spelling.
So, from now on, the Tlt management has a new name, yes... PIMP