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Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Post by Pensionplan20on Aug 26, 2017 4:58am
453 Views
Post# 26624392

Katusa Letter

Katusa LetterI do not really understand the Katusa Letter. Of course Mr. Katusa is dissapointed about the recent price development of the stock, but aren't we all? Mostly a result of the Stage hick-ups and unlawfull payment allegations. Besides that, allmost all O+G shares are down. Why put on a "For Sale" sign on Blackbird when management introduced a 5-Year plan (I was very excited about the 2021-slide in the presentation) at the Annual Meeting? Good companies (no-debt, land position, Stage participation etc.) are sold with a 35%-40% premium. A sell-out price mentioned by Mr. Katusa of $0,90 would mean a stock value of $0,67? No way! I am with Ruud. Is Mr. Katusa to heavily invested in BBI and in need of liquidity to buy his recently promoted gold and copper shares? Please have management execute their mid/long term plans. I am in this for the long haul. Horizon of $3 to $5 within 3 to 5 years. And, a take-over will always be welcome but not to early and for the right price. Excuse my English, it is not my native language.
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