Theratechnologies Inc T.TH

New article in La Presse this morning

[bassini]

In french


https://lp.ca/spyKTs?sharing=true

[jfm1330]

Theratechnologies regains favor with investors   Shunned for months, Montreal biopharmaceutical Theratechnologies is starting the month of September with a bang on the stock market.   The company's stock has appreciated sharply every day this week. The stock's value more than doubled in a few days.   It is the publication at the beginning of the week of an

[jfm1330]

So they were in blackout and could not buy. Also Dubuc talks about panic in the markets. In theory this comment eliminates the possibility that Thera was the big seller through the ATM. So there should not be further dilution. The problem is that from the outside, the panic of some was understandable with the situation with Marathon.

[canadapiet]

Hilarious! They are clearly in "blackout" for over 5 years now.........:-) lol LOL jfm1330 - (9/9/2023 9:10:41 PM) RE:RE:New article in La Presse this morning  So they were in blackout and could not buy. Also Dubuc talks about panic in the markets. In theory this comment eliminates the possibility that Thera was the big seller through the ATM. So there

[PWIB123]

The blackout period is just an excuse for their embarassing lack of buying.  Maybe they live too high on the hog and have no money.  Doesn't matter.  They completely missed the opportunity to show faith in the company and help stop the bleeding share price, take advantage of what they just admitted is a ridiculously low share price, and actually bring more investors to the table

[SPCEO1]

The blackout period is a real thing. Since insiders have inside info, they are not allowed to buy or sell when they are in possession of material info, which is most of the time. As you can imagine, these heavy constraints are also a disincentive to buy even when they can because you can easily get locked into holding when you might want to sell. Just look at the two exectives who have been forced

[Stephber]

Maybe but the blackout period is not 52 weeks a year. How many of them have bough in the last year at such  a low price?

[Stephber]

Some confidence from the management team would be a good sign for investors.

[Mannequin]

Yes it could be. If there is a potential investment partner waiting for some event to occur before investing, but they have said would, that's material.  

[Drmrgn]

Exactly.  They are presenting at HC Wainwright investment conference today through Wednesday.  They are obviously not in a blackout period this week.  I don't think they release financials until mid October so seems like a bunch of excuses.  They should have been buying months ago.

[SPCEO1]

They have announced they will report Q3 financial results before the end of the month. Also companies present at investment conferences all the time while insider's are in possession of material info. They just don't disclose it at the conference. Insiders can't trade in such a common situation but they can speak at a conference. 

[SPCEO1]

The evidence suggests the blackout period has been since at least the pause last December. There have been no buys or sells by insiders since then and the two executives who had expiring options that were in the money for most of this time have never exercised them. 

[PWIB123]

Sorry SPCEO1, but Philippe's comment jfm shared from the French paper makes zero sense within the context of the assumptions you're making.  Maybe there's a language barrier?  I have to assume Philippe would have chosen very different words if they had been in blackout and not reference buying shares "this week" and then go on to specifically identify the end of the

[SPCEO1]

They must have been in a blackout all this year since those options were not dealt with. And given all that the company is dealing with, it is not implausible as insiders were likely in possession of material info the market did not have. I imagine there could have been less than 10 day periods where the window to exercise those options were open during the course of 2023 but then closed quickly

[PWIB123]

SPCEO1, do you think it's possible the company made an exception and simply extended the expiration date of the options?

[SPCEO1]

I hope they have since that would be fair treatment to the two executives.  The options were set to expire last December and have been extended since then until at least mid - July due apparently to a continuous ban on insider trading since then. This has really hurt the two executives position so extending seems right. 

[PWIB123]

I was going another direction with that question.  I don't believe they've had a continuous ban on insider trading for 9 whole months, and I believe they likely extended the option expiration dates.  I just can't get my head wrapped around a blackout period for this long even with the number of "potential" items they may be entertaining.  I don't think the

[SPCEO1]

It looks like there actually has been a ban on insider trading at least since last December. There has been no insider buys or sells since then. I was told by THTX in mid-July that whenever the prohibition of insider trading was removed, the two execs would have 10 days to exercise and sell if they wanted to, so that seemed to be the deal with them as of mid-July. They may have, and should have in

[PWIB123]

That's very interesting indeed.  Maybe they really do have more things in the works behind the scenes than we know, like potential partners with real terms on the table being actively discussed.