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biOasis Technologies Ord Shs V.BTI.H

Alternate Symbol(s):  BIOAF

Healthcare Biotechnology
Bioasis Technologies Inc. is a Canada-based biopharmaceutical company focused on research and development of technologies and products intended for the treatment of patients with nervous system, including central nervous system, diseases and disorders. The Company is engaged in the development of its xB 3 platform, which is a peptide-based technology, for the transport of therapeutic agents, in particular biological products, across the blood-brain barrier (BBB). It is focused on both orphan drug indications, including brain cancers, and rare genetic neurodegenerative diseases and neuroinflammatory conditions. The Company is also focused on its Epidermal Growth Factor (EGF) platform for treating rare and orphan neurodegenerative and neuroinflammatory disorders. EGF is a protein that stimulates cell growth and differentiation, notably for myelin producing cells. Its development programs include xB3-001: Brain Metastases, xB3-002: Glioblastoma and xB3-007: Neurodegenerative Disease.


TSXV:BTI.H - Post by User

biOasis Technologies Ord Shs > What BTI Shares Are Worth Today
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Post by Boomskidon Jan 12, 2023 11:00am
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Post# 35218425

What BTI Shares Are Worth Today

What BTI Shares Are Worth TodayAm I correct with this?

What Bioasis shareholders would be receiving today for each BTI share. (After the MTP glioblastoma news.)
 
( MTPsp  x exchange rate x conversion) / 25
 
($0.7875 x 1.3421 x 0.9556) / 25 =  $0.0404 CDN
 
Today, Bioasis shareholders would get just over 4¢ CDN per share.
 
Yesterday BTI shareholders would have received CDN $0.0398 per share, just under 4¢.
 
In most acquisitions there is a premium paid for each share. Before the deal announcement Bioasis was trading at around 16¢. A premium of 25% (4¢) would have brought the price up to 20¢.
 
That is five times as much as what a shareholder would get today per share.
 
JD
 
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