TSXV:BTI.H - Post by User
Comment by
KayakerBCon Nov 15, 2022 12:25pm
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Post# 35100319
RE:Grow up and move on please...
RE:Grow up and move on please...Read the financials. Either a deal is imminent or this company gets sold. Real soon on either option. Stop your nonsense please.
As I've posted before, if the company will be sold I would prefer an outright sell if possible -- $2 US per share would be fine, I'll hold my nose and vote yes for $1 US.
I'd be opposed to a Contingency Value Rights (CVR) deal. Some small amount of cash up front and potentially, possibly, maybe more IF certain milestones are met down the road, IF completed by certain dates. Years more waiting and any visibility into how the process is moving forward is gone.
The Forbes article I've posted before outlines some of the downside features of CVR deals. All the risk is "on the backs of investors in their target corporation".
IMO, with a CVR deal, many pharmas' first priority is to do everything possible to minimize or avoid any future payout to shareholders. This article discusses two court cases re CVR deals where shareholders alleged the pharmas avoided payments by taking an inordinate amount of time moving forward.