PINL:GRPOF - Post by User
Post by
wwmeincon Apr 02, 2019 9:53am
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Post# 29568969
Read the "pkg" rec'd and will be voting NO.
Read the "pkg" rec'd and will be voting NO.Lots of new hires and multiple,and I mean miltiple NR's throughout the last 24 months...and yet the street believes we are worth 0.64cts a share....that is the value being placed on leadership's ability to deliver.
For those who think this Panag "deal" is great for TBP shareholders...I suggest you re-read the circular sent out and look at what current TBP shareholders are paying for a Co. that,"does not have meaningful revenues"...and note that certain members and officers of Panag will 'remain' "officers" of Panag,as a 'Wholly-owned subsidiary".
These two entities have been in discussions of some kind for a very long time....in May 2017,Tetra and Panag entered into a License and Development Agreement...Tetra is responsible for 100% of the R and D costs...now re-read the last sentence in the previous paragraph...and investors should question this 'deal'. This 'Partnership' has strengthened Tetra's overall scientific and expertise base...seriously? Is that why they had to shut down a clinical trial! They had so much expertise on-board??????
If Tetra's association with Panag over the past 24 months is any indication of the future...then current shareholders should think only about voting NO. If Panag expertise was so great then TBP shareprice would have gone up since the License Agreement....it has not and now Panag wants TBP shareholders to give them millions...really...we give them millions for what? So they can laugh at us all the way to the beach!!!!!
In my opinion,in case I was not clear ;).....Is that this "deal" stinks to high heaven and to think Paradigm spent the whole of a few days to render their "fairness opinion" says alot of the board that was operating TBP for the benefit of TBP shareholders these last 24 months.
Instead of watching the operations closely if would seem mgmt was paying more attention to helping Panag.....and engineering this reverse take-over deal being paid for by TBP shareholders who have seen the value of their shares destroyed in the process.
*****Go out and find your own research scientists(TBP mgmt) and build a business instead of throwing out countless NR's, that have meant nothing to the TBP shareprice....Which is a very decent indicator of how current mgmt has performed. Good trading and GLTA....and vote NO!