TELESTA THERAPEUTICS INC T.TST

Hostile Takeover is Right On

[SWNE]

Duh, do you think these Biovail Boys want to do things the way the existing CEO and BoD want to?

[thePlayer]

looks like Swine should explain to readers what exactly he/she/it means by his post:  "hostile" smells quite negative.   So it's not clear - he/she/it treats that as positive or negative???

[DryBones]

This post has been removed in accordance with Community Policy

[HighteawithIntrepid]

DB I would suggest that the board is independent in that most of the board does not work for BNC. There is a difference between independent and effective, which I think is our problem. Graeme's master plan was that we would be selling econiche by now and that the 3B trial would have worked out. Had these worked the stock would be trading for 2.5 not .25. But they didn't so Graeme has

[Frogger2]

HT, you may very well be correct, I hope you are not.  I really hope that Graeme and all involved are able to keep their pride and personal feelings out of this. Graeme has much more at stake than just control of the company, he holds millions of shares, as current CEO he still has the responsibility to act in the best interest of the shareholders, company and (very important), the

[18tee20]

Frogger,  Good post except for your statement:  "I really don’t believe that the group led by Wells wants a huge disruption."  You really have nothing to base this belief on, and neither do I.  What if you are dead wrong?  You have no way of knowing what Wells' motives are, and we likely won't find out until this potential overthrow of the company is

[thePlayer]

Good post. Godd points Frogger2, I agree. 

[Frogger2]

You are correct Tee, I have no way of knowing and most certainly could be dead wrong, it’s an opinion.  I don’t think anyone here has any line into the office of McRae or Wells, although that would be nice. We all speculate based on how we interpret the letters back and forth, what we have read regarding this type of action and some personal experience we may have had in this area.  I