Therapix Biosciences Ltd ADR TRPX

RE:RE:Deal is off

[Fundy13]

They had to terminate the deal in order to start talking with other companies.  They were already in negotiations with CURE so I am sure they will start those again.
The stock has already dropped back to pre deal levels so not expecting any further chance in value.
The bid and ask actually went up slightly after the news.  I think it is good to just have this done so they can move on.  They also now get another $500,000 debt  at 5% interest rate convertable to shares at $7.  Pretty confident we will at least get back up to the $7 mark, likely higher with a new deal or partner.