TSXV:CLAS.H - Post by User
Comment by
Votan2015on Mar 25, 2020 2:23pm
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Post# 30846484
RE:Why didn’t our ceo and board look at all options
RE:Why didn’t our ceo and board look at all optionsedrose wrote: To raise money several months ago to pay off talent Is it because this would spoil their buddy bassada and company takeover of kly. I don’t know but we all know they had other options to raise money and they used them Few simple ones they could have used an ATM when sp was much higher and they knew long time ago they needed money they could ALSO DO RIGHTS OFFERING WITH KLY’S RETAIL INVESTORS just these 2 things we could have raised money
WHY DO YOU THIS WAS NOT OFFERED AND EXERCISED MUCH LESS DILUTIVE AND WE KEEP OUR COMPANY INSTEAD OF LOSING TO BASSADA/STERO
WITH GREAT PHASE2 RESULTS ASK YOURSELF HOW HARD DID THEY LOOK IN FINDING A LICENCING DEAL FOR A PRODUCT CLOSE TO BEING APPROVED WHETE THER’S NO CURRENT TREAMENT AND CONSERVATIVE ESTIMATE 500 MILLION SALES FIRST YEAR
They had enough time to find a proper financing, even to renegotiate payments to Talent shareholders which are the same people from our so called managment. They have neglected any possible positive solution for the shareholders. It seems the plan had been executed around one year ago meanwhile we were fed with the 3 NRs regarding buyout, licensing and partnership. We are kept in dark regarding the value of Stero, their research and financing. In my opinion they are dealing with themselves using our money.