GREY:VBIVQ - Post by User
Post by
cypress44on Aug 02, 2016 10:29am
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Post# 25102176
curb any enthusiasm
curb any enthusiasm Called a biotech buddy who was up on the VBI / Scivac / Levon deal who said:
- VBI has good products and tech but not to expect any FDA / EMA approval before Q3 2017
- The zika virus cure could utilize their platform but a long long way off
- The commercial sales side of Scivac was a joke and the valuation of 50c for the deal with Levon was way high
- Levon management did not do their due diligence
- A double kick in the nuts for original Levon shareholders, the stock freefall last fall and recent consolidation done at 12.5c, gives their strike price near $20
- Anticipated at least 18 - 24 months for Levon shareholders to get in the money depending on market conditions
What a disaster! Anyone know any lawyers…. Monsieur Temblay?