OTCQX:PHVAF - Post by User
Comment by
BarstoolSageon Nov 25, 2019 8:50am
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Post# 30388597
RE:Strategic Move at Phivida
RE:Strategic Move at Phivida Some interesting verbiage in this.....especially the part about PERHAPS putting itself on the market
Mr. Moon commented: "Phivida now has a developed brand portfolio of CBD-based products and a technology platform that enables the creation of specialized marketplaces. We believe that the opportunity before us is in its infancy and that there is currently no entrenched technology-based leader in this sector. We are 100% focused on building shareholder value through the fullest utilization of the assets that we have on hand."
Mr. Moon added: "On behalf of the Company, we wish to thank Jim for his contributions, and wish him all the best in his future endeavours."
In conjunction with the leadership transition, the Company is undergoing a strategic review process to consider all value-maximizing opportunities, including exploring potential corporate transactions. There can be no assurance that the strategic review will result in a transaction. Phivida does not intend on making further public announcements regarding the strategic review process unless and until a definitive transaction has been entered into or as otherwise required by applicable law.