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Quantum BioPharma Ltd C.QNTM

Alternate Symbol(s):  QNTM

Quantum BioPharma Ltd. is a Canada-based biopharmaceutical company. The Company is engaged in building a portfolio of assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. (Lucid), it is focused on the research and development of its lead compound, Lucid-MS, which is a patented new chemical entity to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis. Its unbuzzd beverage is a proprietary formulation of vitamins and minerals to help with liver and brain function for the purposes of relieving the effects of alcohol consumption and restoring a normal lifestyle. It maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property.


CSE:QNTM - Post by User

Bullboard Posts
Comment by Fundy13on Dec 12, 2018 11:48am
65 Views
Post# 29103577

RE:RE:RE:RE:TRPX Deal

RE:RE:RE:RE:TRPX DealCertainly possible.  The whole purpose of a binding LOI is that the terms are legally binding.  Both side announced the binding LOI, both sides agreed to the purchase price of $48millionUS and both sides agreed that the $48millionUS would be paid either in cash or in HUGE class B common shares based on the 20 day moving average SP of HUGE for the 20 trading days immidiatly proceeding the close of the transaction or when TRPX get the shares.
There are numerous court cases where damages have been awarded when companies back out of the LOI.
Ussually the cost to back out is actually in the LOI, but if they did not agree to that ahead of time the TRPS could sue HUGE and would likely win fairly easily and be awarded damages.
I really think HUGE directors completly ignored the possibility of a share price drop when hegotiating which was a HUGE mistake.
Bullboard Posts