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TELESTA THERAPEUTICS INC T.TST

"Telesta Therapeutics Inc is a biopharmaceutical company. The Company is engaged in the research, development, manufacturing and commercialization of human health products and technologies."


TSX:TST - Post by User

Comment by rhdmdon May 19, 2013 12:24am
151 Views
Post# 21415352

RE: graham or bioniche-

RE: graham or bioniche-

Arte, I think your anger with Graeme and his BoD  has blinded you to our dire reality. Up to the time of  the announcement of this AH divestment plan, there is no trace of any fund offer available to us. The situation has not changed currently. We need to get cash or else we are sunk.  G&W has not given us any indication that they are coming in with cash. There is no solid partnership offers for Urocidin. With all the assets tied up to the RCP loan, we have no more assets to be used as collateral. We can't use Urocidin as collateral for new loans. One it is unproven. Two, no one would partner up with us if there is a chance Urocidin can be confiscated by a debtor. No one seems to be interested to buy Econiche. There is no offer on the VMC.  Divestment is our only choice to get the cash at this point. Hate it or what, the fact is as simple as that! WE need to do whatever we can to save us to fight for another day.

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