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Bullboard - Stock Discussion Forum TELESTA THERAPEUTICS INC T.TST

"Telesta Therapeutics Inc is a biopharmaceutical company. The Company is engaged in the research, development, manufacturing and commercialization of human health products and technologies."

TSX:TST - Post Discussion

TELESTA THERAPEUTICS INC > 6 Million Shares
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Post by thePlayer on May 16, 2013 4:08pm

6 Million Shares

Did Fonds just woke up one day, decided have to bail out and iimmediately liquidated all position taking $7,000,000.00 loss along the way. Which I would guess meant loosing almost everything....

 

Don't think so, sorry.     It had to be some time at works....  It's my understanding that this Institutional investor was a STRONG supporter of Mr. McRae - otherwise how on this planet earth they possibly could stay idle and watch their money melting away year after year after year?????

 

So they finally SOMEHOW arranged for The Buyer,  but according to Mr McRae it was done

 behind  his back.  Why should we even be concerned with such a little thing?

 

Didnt Mr. McRae told us that  "A lot is going on behind the sceens"?

Comment by HighteawithIntrepid on May 16, 2013 5:48pm
Player Phone your broker and ask him how block trades work. The Fonds trade was arranged before it took place. In the trade " it was shopped around" It could have been out there for weeks. If the Fonds was not happy with Graeme they could have asked that he not be told, that it was for sale. (I heard that was the case) It was not a retail trade that just happened, when the average daily ...more