TELESTA THERAPEUTICS INC T.TST

I really don't understand this

[rhdmd]

It is obvious that the major cause of all of our financial trouble is the POS VMC. BNC has indicated that the VMC is not needed for Urocidin. So its main function is for Econiche. Graeme and his cohort can save his skin and deflect a lot of the anger if he could simply sell the VMC and use the proceed to pay back the loan. He can then keep the AH and Urocidin. Why doesn't he do that?
When your life is at stake, wouldn't one give up his clothes and every possions to save one's life? In this case, common sense would require him to give up his pipe dreams. Why is it so difficult?
If he truly cannot see and understand this, he has lost all rationality and is not fit to lead a company.
This should be simple enough of a reason to oust him. All the fencer should consider this.

[peasoupfog]

This post has been removed in accordance with Community Policy

[txbioinv]

rh, You hit it right on the nail aka 'love is blind'. Possibly, if they landed a strong Urocidin partnership with big upfront funds, BNC could keep all its toys; however its looking like santa embellished the 30 inquiries, especially if the Palladin deal was the best they could land. Good management with leadership acumen is always proactive; its a sad state of affairs when

[Nohandledzep]

TX...We should stop referring to the Palladin agreement as a "DEAL". In my opinion it was an 18% loan that Palladin enthusiastically  agreed to, based on the sale of Animal Health. Bioniche seems to have backed themselves into a corner with the previous payday loan and were about to breach certain covenants, so why not accept another loan from their friends in 1981 plus 5

[givmeabrake]

It's all about perspective... For Palladin , win win , definitely a "DEAL" Bioniche on the other hannd....lose lose, desperate move and all around bad idea.