TELESTA THERAPEUTICS INC T.TST

April 30th

[beechguy]

I think we will have our halt before the end of April for one of 3 things: 1) Buyout agreement or announcement of bid 2) Partnership agreement with significant up front funds 3) Dilutive financing. If it is the latter, then I think the enriching friends fix is on, and I will be very disappointed in our management. At that point, we are going to get either really filthy rich on FDA approval, or if we get a significant delay from the FDA we will then have to accept some poor partnership terms, do yet another dilutive financing or worse. Let's hope that is not the case. Any sane CEO would not put a company in that situation, unless he was 99.99% certain the FDA would not only approve our BLA submission, but approve it without a delay. My bet is Berendt ain't that dumb. We shall see within the next 12 days I think. All bets are off is we sell the VMC for more than the 7mm owing on it. GLTA Beech

[HighteawithIntrepid]

VMC The December 31 financial statements indicate the debt on the discontinued operations as very close to $10 m not $7 m so selling the VMC for the written down amount gets us out from under the cost of keeping it maintained and paying the cost of carry.  But anything less than 10 m  will cost us some cash as there will be a selling commission and a legal bill as well to deduct from

[IWillRetireSoon]

It is obvious that given today's market we will not be having a lineup to purchase the VMC.   While I do hope to recover a good deal of invested capital I think $7m may be rather steep considering market forces.... and $10m is unobtainable.   I may be wrong and would love to hear from Belleville people (those who can write sensibly-nonsense writers don't bother) with a

[Frogger2]

This really comes down to finding a buyer who needs a VMC and does not mind that it's in Belleville. If I remember correctly this is a brand new facility with 25 mil sunk into it. Not a bad investment at 10 mil, if you need a VMC, need is the key word. Graham needed one apparently.

[IWillRetireSoon]

25 mil.   Sheesh.  But for today we would need to look at the comparables.   Let us hope that there is someone looking for one in the area.   Rather than sell for pennies on the dollar, Telesta may need to rent out small sections to at least cover the operating costs.   Good thing the outcome of this company does not rest on sale price of VMC. 

[beechguy]

to rub salt into the wound, let's not forget the 700k/ month burn for 4 years to carry it. Plus the RCP and palladin loans to finance it. So amend that price tag to 80 mm. Thanks Graeme - great play. Talk about a dictator running a show with a slew of yes men surrounding him. We'd be sitting with about 50 mm in cash and 40mm in revenue without that albatross.

[DamnYankees]

Personally, I don't care much about the old guy. I am more interested in the current guy and his ongoing inability to Increase Shareholder Value (Share Price). How is that working out? But hey if they finance at this moment's price of 34 cents Canadian, its a 2 bagger from their last inernal valuation of 17 cents. Things have come along way in 7 months. My broker noted that if they get FDA

[terr2]

That's what bothers me. Our TINY Canadian company may just be getting entertained by the FDA for political reasons. This entire drawn out process makes no cents.

[Frogger2]

Yank, I know you don't like the old guy references but you do want an explanation for our poor valuation. Look no further, a reputation that has left Institutions, shareholders and Analysts with a bitter taste. This company was run into the ground to the point where it was almost past the point of no return I don't know how this will end but I feel a whole lot better with Berendt in charge

[DamnYankees]

Frogger, I could ask you the same thing. Do you work for current management? Not trying to provoke an argument but I think that the 17 cent valuation is the noose around the company's neck. Sure it allowed me and others to buy super cheap shares but it also said that from the inside looking further inside the company is essentially worthless. That is a big hole to fight out of. I thought that

[Frogger2]

Yank, I don't consider this an argument, it's an exchange of view points and thoughts which is what this board is for. You do acknowledge your entry point was due to circumstances which requires management to dig out of a hole, a huge undertaking considering the starting point. Financing is a concern I have like everyone else, I don't want my investment diluted more that it has been

[DamnYankees]

Fair enough Frogger? I am fine with with a disagreement in perception. Where you see a management team under fire and on their heels, I see a good old fashioned bagging. When was the last NR? Oh and what was it? They could have gotten away with posting the international sign for minefield. That is all they have at this stage. Hangover Financing?  If we are fortunate the next junk placement