TSXV:BTI.H - Post by User
Comment by
prophetoffactzon Mar 21, 2023 10:39pm
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Post# 35352789
RE:RE:EGF asset
RE:RE:EGF assetfuzzyjr wrote: so what do you see as the best hope or move for Bti moving Prop?
Very tough time in the market. The S&P Biotech ETF is below where it was when the Midatech deal was announced. There has been a string of bank failures and there is concern the bank runs aren't over. An influencial JP Morgan analyst sees the growing risk of a Minsky Moment and total meltdown in the market. The market is more worried about the return of its money than speculation. And here BTI is caught without cash, significantly in debt, and needing significant money to material catalysts. Not a good position to be in.
BTI has a number of potential paths to create value at the current price as has been discussed. It may come down to the value a few people in a room put on a deal(s). That can be hard to estimate. There is considerable potential in BTI's assets. Rathjen aimed for the stars with the Midatech deal. She's got J&J and Chiesi around the table. It wil be interesting to see what happens.