hypothetical questionNow that Bioniche is on a much firmer foundation financially, it has made itself a take out prospect. The cash on hand could be utilised by the buyer to pay for the purchase. If a hostile take out was made today at 100% premium or C$1.00 per share , what would you do? I know that we have a poison pill in place, but for many investors the quick profit may be too tempting. For years we have placed a high potential value on Bioniche that has never come close to being realised. I have been on both sides of the buy out situation..selling too soon and holding too long. Also have hit it right on occasion. What do you do? At what price do you tender the majority of your shares?
The volume to date does not indicate any take out interest but that could change tomorrow. With approx. $90.Mil in potential Endo milestones this company would be free with good MCC results. Thats down the road though and with risks. The profitable Animal Div. and Econiche are given no value .What would it take today to make you part with your shares? Luck to All...Dusty11