TSXV:BTI.H - Post by User
Comment by
Boomskidon Mar 19, 2023 5:10pm
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Post# 35347849
RE:RE:RE:RE:A friend is needed...
RE:RE:RE:RE:A friend is needed...Bioasis stated they had enough money for March. A payment to Lind is due on April 1 or almost immediately after that. I'm pointing out the types of events that Bioasis's financial needs could trigger in relation to the events happening at Midatech.
I suppose I could parse the words being used by both Bioasis and Midatech, and combine those parsings with Bioasis's needs and the timings and details related to the Midatech financing and general meeting and post it all here, but I don't owe that detail to anyone. Instead I posted what those things could mean.
I won't be convinced that Midatech (Biodexa) is out of the picture unless they're really out of the picture. And I am still suspicious about why Bioasis bought the Cresence EGF stuff. You'll find details of my suspicions buried in my many posts about it all.
Basically I think that EGF may be the consolation prize for either Bioasis or Biodexa, whichever one might lose xB3. I mean, come on! Denali has a market cap of $3.2 billion with an equivalent or inferior technology. There was a play put on to acquire Bioasis. The same players are putting Biodexa together after the first failure.
Why? What are they intending to do with Biodexa?
I believe that Bioasis has utterly failed, possibly due to incompetence, intention, or a combination of both. There were decisions made by Bioasis that are publicly documented and that support my concerns about that.
This could be over in two weeks. If Biodexa issues the third loan tranche of its loan agreement with Bioasis, then it will take a bit longer for it to happen, but the outcome could be the same.
jd