RE:Telesta Telesta
1 more long is folding up the tent. Took the time to review what was released last week and I'm not seeing much value in the PLI offer and i am not seeing any evidence that a better offer is coming. With the PLI deal the only real upside is that they are close by to Telesta. Everything else reads like a 90% of bankruptcy sale. I'm not saying another offer won't come but we are pretty late in the process and it sounds like management is on cruise control now. A second buyer would really have to work to get the necessary DD out of Telesta if they haven't already reviewed it.The special meeting is in Montreal which avoids the Toronto AGM and will prevent the majority of shareholders from attending. I think that most won't even bother to vote. The company has so much innovation and promise but it is all but over now.