TELESTA THERAPEUTICS INC T.TST

High Tea and The Fraudsters?

[thePlayer]

Our in-house legal expert is pretending to ignore the Question:

"Can we call Mr. McRae and his BoD  a FRAUDSTERS?"

 

High Tea, I realze that discussing that bathHouse party and nice wine is much more relevant to our investment  than integrity and ethics of our HonourAble management team but still .....

I guess you should try, you can do this buddy!:

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well, I just don't completely understand this:

G&W SECOND Time publicly called action of Mr McRae and his own BoD a SHAM:

 

"......  The company is hemorrhaging and rapidly running out of resources. Further delay is extremely prejudicial to shareholder value, and places the corporation in a precarious and risky position from a financial and business perspective. The board's artificial attempt to circumvent Mr. Wells's requisition by calling a shareholders meeting for Nov. 5, 2013, is nothing more than a sham that seeks to circumvent shareholder rights. The concerned shareholders and the company's shareholders cannot and will not wait until Nov. 5, 2013. The current board has had years to turn the situation around and has completely failed to do so. It is time to let the shareholders have their say before it is too late......" 

 

FRAUD doesn't look polite I know, so they used SHAM instead which is, as per definition, the same as FRAUD (sort of?)

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fraud   

Noun

1. deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage.

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Let's see - Mr. McRae and his BoD notification 6 months in advance for the Annual Meeting as a direct response to Dissident's request is quite clearly designed to prevent possibility of Special Meeting. In my view it's obvious. So they're right - it's completely artificial and indirect attempt to derail....

So it's perfectly fits with "deceit"  "trickery"  "breach of confidence"  perpetrated to gain some unfair or dishonest advantage.....  exactly as per definition.

So, our in-house bright legal minds (High Tea?) - can you advise us, would it be legally appropriate to

call Mr. McRae and his BoD as a Fraudsters???

[HighteawithIntrepid]

TP I said: Were in the land of lawyers, which means GW would have to file something somewhere in a court not blow more smoke and write another nice press release. Given the cash burn of about 35K a day, and the risk of receivership, I don't even expect BNC to ask us about the sale of animal health. Once we have less than 5M in cash we have a technical violation of our loan agreement so: Sell

[No_Reply]

Player, you can call some a "Fraudster" once that person has been convicted of Fraud.

[HighteawithIntrepid]

NR Thanks  

[No_Reply]

# Orders Shares Bid Ask Shares # Orders 2 3500 0.375 0.390 3000 3 1 29000 0.370 0.395 15500 6 1 1000 0.365 0.400 95000 4 1 2000 0.360 0.405 39000 1 3 15500 0.350 0.420 12000

[No_Reply]

Last Change Bid (size) Ask (size) Volume Day Range $0.395 +$0.055 (16.18%) 0.390 (6) 0.395 (6) 114,474 0.340 - 0.395     Level Two Quotes # Orders Shares Bid Ask Shares # Orders 1 3000 0.390 0.395 3000 1

[thePlayer]

No_Reply,  you seem like knowledgeable poster here, who has considerable legal experience, not like me stupid.  I just realized in your Public Profile that you listed BNC as one of your stocks with your  current gain (at price 37 cents) being whooping   54%.   Wow..... Would you be kind enough to elaborate on what does it mean? Is Your average 25 cents???

[No_Reply]

I've been in and out of BNC a number of times over the years (including substantial capital losses being carried forward).   I got back into BNC mid-April with my first purchase on a day when the shares closed at 25 cents; that's the price that Stockhouse applied to BNC on the day of my first purchase.  I have added and sold shares since then (taking a few gains and buying back

[thePlayer]

Thanks for explanation NoReply.  You really look like successful investor capable to make money even on  our company. Especially impressive is your ability to trade in and out.... Not like me,  I almost lost my shirt on BNC.   With all respect. 

[ragingbull2727]

How do you figure you "almost lost your shirt".  This stock has been a MONSTER for making a killing over the years....

[No_Reply]

I'm glad that bull's post was addressed to Player.  Forget about the shirt, I've had to get a whole new wardrobe;