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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 > Save poor Bioniche.com
View:
Post by wussy on Jun 28, 2013 9:53pm

Save poor Bioniche.com

Just visited the save Bioniche sight and have a few comments.
1. GW bought shares a year ago last spring and obviously saw value.
2. GW approaches BNC last summer to buy AH and gets turned down after getting inside information.
3. After the confidential agreement runs out, GW buys 5% of the shares and becomes hostile to BNC..............
  We became shareholders of Bioniche in the spring of last year, prior to any contact or discussion with the company. We have continued to add to our position at various times and prices, however never when we were in possession of any material undisclosed information about the company. We have presented sworn affidavits to the court confirming this.
  • As part of our agreement with Bioniche we were prevented from exceeding a 5% ownership position in the company until early April of this year. Only once that agreement expired, did we exceed 5%. We have never sold shares in Bioniche, only acquired them.

5.Obviously GW really, really, really likes our little company. I didn't know our AH was so valuable. This just happens to be when we re-aquired Urocidin.

6.What if GW wants Urocidin and has no interest in AH. This would be a brilliant move to steal it............
  • Bioniche never provided the Concerned Shareholders with sufficient information to value the business and make an offer. So no actual offer was ever made. Nor did Bioniche propose any alternative structure although we indicated our flexibility to alternatives.

Now it seems to me that if someone was interested in buying AH that BNC  would provide interested parties with that information after signing a confidential agreement.
Maybe it was Urocidin information that was lacking.

Something smells fishy here.
Wussy
Comment by account15 on Jun 28, 2013 10:13pm
I agree with you totally. My vote is for current management.
Comment by Nohandledzep on Jun 28, 2013 10:41pm
I agree... Lets go with the guys that got us here. Why risk it!
Comment by rusty4998 on Jun 29, 2013 9:39am
Go with the guys that gor us WHERE?????????? Nohand, where exactly have they got us to?????
Comment by peasoupfog on Jun 29, 2013 11:36am
This post has been removed in accordance with Community Policy
Comment by rusty4998 on Jun 29, 2013 1:13pm
Okay peasoup, I guess I need to know some of the posters better to know when they're being facetious.
Comment by silvarline on Jun 28, 2013 11:24pm
Keep your eye on No. 6 wussy. Something very fishy indeed and me thinks this has everything to do with Urocidin and the MCC platform being sold.  Could a partner or buyer for Urocidin and the MCC platform  be waiting in the wings? From the G-W press release, it says …  Econiche and Urocidin will be partnered or sold to produce the maximum return possible but will no longer be a ...more  
Comment by Nohandledzep on Jun 29, 2013 6:12am
Silvraline... Relax. GW will get maximum value for Urocidin whether they keep it, partner it or sell it off. We'll all benefit. Everyone here knows that you buy, hold and accumulate your love for Graeme on a daily basis. You'll grow to love the new people and you will soon be able to upgrade your Prius while doing so. Do the right thing and advise him to do the right thing...get out of ...more  
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