Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum biOasis Technologies Ord Shs BIOAF

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... see more

GREY:BIOAF - Post Discussion

biOasis Technologies Ord Shs > Take Back Control - Vote "Against" Midatech + DrDR
View:
Post by DrDragon on Jan 26, 2023 3:48am

Take Back Control - Vote "Against" Midatech + DrDR

Gents and Ladies,
I'm a long time investor (and large block shareholder) who has sat on the sidelines watching this bullboard banter for years. However, something has to be done to take back control of our company. We can only do this by pooling our collective voices. Please take the 5 minutes and vote today!  Vote online at PROXYVOTE.COM and enter the 16-digit Control Number that was mailed to you by Computershare. We must send a clear message to the BOD and DrDR that we are AGAINST the Midatech deal and that we do not give them a mandate to continue in this reckless manner.

This complicated agreement with Midatech (engineered by third party actors) gave little or no value (or audience) to xB3. I may be an optimist, but when our directors downplay the value of a key asset that has shown only promise (and are legally bound to report materially significant changes) they are being less then genuine in their duty to shareholders (save one or two disenters that had to fall inline). This is only my opinion, but with only a few updates from DrDR (and even fewer opportunities for direct Q&A), we can only go by her actions (or lack thereof) as well as BTI's stock price. At $0.035, BTI needs a licensing deal to show the world that xB3 works as described and is a revolutionary BBB transport mechanism that will help millions of people in the future.

But, we only have a short window to change the direction of this company by cutting monthly operating costs, giving BOD a haircut, selecting an interm CEO (perhaps John Hemeon or a similiarly finance-driven professional), and sourcing alternate sources of financing/investment. Someone with money has to step forward (or multiple someones) to payout the bridge loans with Midatech and Lind and avoid Bioasis defaulting on June 30, 2023. This will give Bioasis some much needed breathing room. If we do nothing, the current BOD and DrDR will waste the next few months and handover xB3 for pennies. 

Here is how I voted, I urge you to follow my lead:

ELECTION OF DIRECTORS:

01-Deborah Rathjen  WITHHOLD
02-John e. Curran     WITHHOLD
03-John Hemeon       FOR
04-Mario Saltarelli     WITHHOLD
05-David M. Wurzer  WITHHOLD

ITEM(S):

4. Midatech Special Resolution   AGAINST


<<<< PLEASE VOTE ONLINE NOW AT PROXYVOTE.COM  >>>>
Comment by narmac on Jan 26, 2023 9:23am
Sounds like the beginning of a fair plan to me as well,,,,,i'll vote as such in unison with the Dragon!!!,,,,,"Power to the People",,,,,,,,,,,,,,!!!!
Comment by DrDragon on Jan 26, 2023 1:28pm
Thanks Narmac, I appreciate your support as well as the hearty "thumbs up" from those others on the sidelines like myself. I encourage everyone to go to PROXYVOTE.COM right now and lend your voice to the cause!  
Comment by Tinytrader on Jan 26, 2023 2:01pm
  You can also vote via www.investorvote.com.  
Comment by DrDragon on Jan 26, 2023 2:57pm
Thanks Tinytrader, Great contribution!
Comment by unclepieman on Jan 31, 2023 10:48pm
Alright... I did the same, still got around 1/4 million shares so there you go, let's see what happens over the next few weeks and the last $$ BTI has.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities