RE:RE:Insiders are not sold !!!!!!! From the PLI board. Analyst doesn't think the 14 cent offer will be a problem for TST shareholders to accept. Might be a fait accompli if the under 14 cent shareholders don't ask for more.
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Acquisition Supplements Cash And Future Manufacturing Capabilities - August 24, 2016
Sep 30, 2016 – Mailing of circular to Telesta’s shareholders
Oct 31, 2016 – Extraordinary meeting of Telesta’s shareholders
Nov 7, 2016 – Court – Final order for plan of arrangement ratification
Nov 10, 2016 – Closing and filing of articles of arrangement
The transaction should most likely close successfully, especially since we believe
that over 66 % of shares (the threshold of shareholder approval by shareholders
represented in person or by proxy at the shareholders’ meeting) purchased in the
last 12 months occurred at or below the $0.14 takeout price offered by PLI.
Furthermore, given the recent product development setback sustained by
Telesta, this transaction gives its shareholders an opportunity for exit and