RE:RE:RE:Management: dont sell part to FrostVestor- what you describe below regarding big pharma is imo exactly where Dr Frost is right now. RW owns 6 million shares out of 166 million fully diluted. I suspect Dr Frost owns a lot more than RW when taking into consideration the warrants I suspect he owns. Frost could make a bid for the company right now. Of course he doesn't have control and big pharma lots more fire power. But Frost already knows what we have here and big pharma is only now looking.
vestor111 wrote:
If a large pharma sweeps in and files beneficial ownership (ie above 10%), that doesn't stop them from continuing to buy possibly making a bidding war a non-event. A bidding war might prove out but at these prices, the company could be swept up without much in the way of bidding.
In a deal with Frost, Frost would have to be fairly open and strike a win-win deal. And I doubt Roger would settle for less and time would be on Roger's side.
If Frost fails at licensing before any potential take-out, he may lose a significant asset to the in-roads he has made his Uro-oncology market and Roger could lose a significant partner-ally who could advise him and the board on how to tread these waters - waters Roger's team has very little knowledge of.
Frost's relationship could keep the company public long enough to prove-in more of what they have to offer thus potentially achieving fairer valuations for what they have achieved.
My primary concern it to achieve maximum value and if a bidding war erupts in the near term, it is very doubt we would achieve a price anywhere the company is really worth (assuming all continues as it appears). This would be worse if a big player swept the field early by locking up enough shares to thwart other rivals. This looms as a real possibility I believe thus my interest in a win-win realtionship with Frost that allows TLT to build its story and valuation befoire the bidding begins and more understand what they have to offer.