TSXV:BTI.H - Post by User
Comment by
Boomskidon Feb 01, 2023 4:35pm
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Post# 35260685
RE:RE:RE:RE:RE:Jannsen Biotech extends its partnership with BTI on xB3!!
RE:RE:RE:RE:RE:Jannsen Biotech extends its partnership with BTI on xB3!!I suspect, OttawaPeter, or at least it wouldn't surprise me, that some deals are still available for closing and/or extending.
My guess is that for many months Bioasis, Midatech, Ladenburg Thalmann and other players demanded a standstill of some sort. That could mean that Bioasis could not close anything during that time because it would have changed Bioasis's market cap and potential commercial value. That would have changed valuations as defined in the "Arrangement" and it very well could have changed some private plans.
Also, as the Information Circular and Evens & Evans discussed, Bioasis management may have had conflicts of interest such that they had no reason to advance or even promote Bioasis and its development projects. I've been posting my worries about that for over a year. Where did xB3 go? What was the real reason for acquiring Cresence?
If any of this is so, then there may be deals just waiting to get done, and others waiting to be extended.
What was Ellipses, anyway? It sure looked real in the corporate presentation that got loose.
jd