Someone is Holding 1/2 the company by now
At 108 million shares at 0.34 they owned about 35% of the company. With their Selling on the run up, buying at 0.20-0.21 after Adcom, selling in the 0.40's and buying back in the single digits, my guess is someone now owns in excess of 50% of the shares outstanding, likely at an average cost of $0.20. I don't know how they get around the reporting rules, but I am sure there are ways. We can buy a Shareholders List, but it costs a few hundred I think. Any takers?
I think it is possible a Buyout announcement is very close (likely for just MCNA, not TST itself), where they will pay about $100,000,000 USD is my guess. What TST does with that money is anyones guess, but we will see little of it.