Alternative analysisAs we all know here. Dumbo the lobster is obsessed with takeover fantasies. He touches himself thinking about that. But what is the likely situation for TLN now. How can we explain the lat events?
First, TLN before their alternative financing news had enough money to go to the begining of 2011. It is not me who is telling that. The company did. So if they had the money to go past the interim results of 4601 expected around next September. Why they did this financing. If their goal as fantasized by the lobster is to publish very good interim results and sell the company, there was no need to make that complicated financing. Just wait a few months with the money in hand and then sell and cash in the options. Instead of that, they made the financing and a week after you learn that the guy behind 4601 since the very begining is leaving the company and his huge salary. I don't know about the status of his options. Anyways. The guy behind this project from the begining is leaving his very well paid job at a bad time for biotechs. A member of the board who is CEO of another Québec biotech is resinging at the same time. What does that mean?
Hard to say with certainty from the outside. Since Falardeau is identified with 4601. Maybe there is problems with it. Remember the merge between Ecopia and Caprion. They announced it first and published phase Ia results after. It was a strange and very bad deal for the shareholders. Both the lobster and the monkey, and me at the time were frustrated by that deal. 30 months later the same people who made the Ecopia-Caprion deal are there, and Falardeau this time is leaving. Very strange events again. If something very positive is about to happen to Thallion. Why would Falardeau leave now? The idiot lobster wrote that Falardeau was opposed to a takeover. Pure invention out of his sick lobster brain.
If I would be a Thallion shareholder. I would like to know the status of 4601 before voting on anything I would also want to know why Falardeau is leaving. Maybe tthe explanation to boh question would be the same. Remember the lobster and his value of liquidation theory. I always told him that biotech never close the door and redistribute remaining assets to shareholders. They monetize all they can and continue to try down to zero. The selling is the first step of that logic. The next one would be to sell the remaining part of Caprion hoping for something positive to happen. If not, banckruptcy is there at the end of the road.
So what the alternative financing and Falardeau's departure mean? For me they look like a company buying time. The scenario of great interim results for 4601 is unlikely at this point. In fact. It is quite the opposite. A basic rule in biotech management is to finance ahead of bad news. Then you have time for market to forget and you can hope to come up with something positive later on.
I am making myself a lot of fun by comparing TLN as a lobster trap for actual shareholders. But be careful because this stock still has the potential to trap new lobsters. If you don't want to end up joining Dumbo in frustration, don't trust his delirious takeover theories. This guy was predicting takeover at 1.00$ for EIA 30 months ago. That's 10$ based on TLN actual shares. So he is constant in his delirium, but also constant in being wrong with it. One thing he is not constant with though, is the justifications he gives to explain why he is wrong. What is true one day becomes wrong the next one. The only steady thing is the takeover thing. He is obsessed with that. Also. Be careful, with Ecopia-Caprion merge his initial reaction was positive. But after he decided to pull the plug and dismissed any responsabilities for his pumping. He will tell you that he was a regular investor sharing infos. This is the way this lobster operates. Then he will go for his next fantasy target. After Ecopia he invited people to follow him on Isotechnika board where he pumped like crazy again with delirious scenarios and guess what? He ended up dead wrong again. This is Dumbo the lobster YUP YUP YUP YUP YUP YUP YUP YUP!!!!