GREY:BIOAF - Post by User
Comment by
prophetoffactzon Jan 17, 2023 4:56pm
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Post# 35229219
RE:RE:RE:RE:RE:RE:RE:RE:RE:Only a corporate suit could call this merger a synergy...
RE:RE:RE:RE:RE:RE:RE:RE:RE:Only a corporate suit could call this merger a synergy...There has been a material bounce in the market since the deal was put together; including in small caps. Midatech's CEO believed he could have put together an alternative financing. A second financing that eliminated the long-dated warrant could save substantial dilution. You may lose Armistice Capital, however, and have more stock in less diciplined and sophisticated hands.
"If the 20-day VWAP prior to Closing is less than $0.90, the Company may terminate the Private Placement without penalty;" Midatech news release G1945V wrote: OttawaPeter wrote: True – voting no may be risky, but so is voting yes without all of the facts. DR IS the devil that we know and I don't know the other devil. From what I have read about the other guy, he's not so great either!
What I meant :
The Devil you know is the merger. A plan of action goes with the merger.
The devil you don't know is what will be left of BTI if no merger and without a plan of action and knowing the company is broke. No BTI shareholder(s), out of the 98% publically held stock, with lots of cash have stepped forward to date in defence of a "NO" vote. That's what's missing. jmo
G1945V