TELESTA THERAPEUTICS INC T.TST

Debt Outstanding as at Sept-15-2014

[RetailRube]

Look at Schedule B of the Agency Agreement between Dundee and Bioniche.  It contains an itemized list of debt outstanding as at Sept 15.  This is not in the prospectus, which contains only a March 31 pro-forma balance sheet which rolls through the sale of the Animal Health business.

Debt outstanding on the VMC is now just under $10 million.

Unless they make a payment on any of this debt between now and Sept 30th, this is the picture you will see when they publish their Sept 30th Q1 financial statements, normally released at the AGM in November.

[SWNE]

Wow! Econiche has to be the biggest mistake Graeme made including the VMC. I figure at least $50M was spent on the VMC if you include the hiring and testing ad infinitum. If we get a couple of million back for scrap stainless, I'd be surprised. What a waste, all perpetrated by our federal and provincial governments, and their loans for wasted purposes. I just wish I was wasted now so I would

[NoNukNuk]

Instead of complaining about our VMC you should be making suggestions for its use.  Some ideas are: - peanut butter plant, -cappacino by the barrel, -distillery, -manure fermenter, The list of possibilities should discount any discounters who want it for scrap metal.

[SWNE]

NoNoucky, I vote for distillery. Distilleries never lose money........do they?

[1wascallywabbit]

I agree 100%!!        But..... It couldn't produce in a year all that BNC has caused me to drink during the last 7 years!

[SWNE]

Lol, Wascally it's one year for me!