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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 > Re Share Consolidation point in today's press release...
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Post by rgonlyfactspls on Nov 16, 2015 11:13am

Re Share Consolidation point in today's press release...

May have been much better received if the press release incorporated the text in "Notice of Annual and Special Meeting of Shareholders" page 8 re Share Consolidation and I quote from doc - --"The Board of Directors of the Corporation has determined that it may be beneficial in the future to consolidate its issued and outstanding Common Shares (the Share Consolidation) by a ratio between two to fifteen (2 to 15) pre-consolidation shares for one (1) post-consolidation share, as may be determined by the Board in its sole discretion (the Consolidation Ratio). AND, also a quote from page 9, point #1 of section entitled "The potential benefits of the Share Consolidation include: 1) the Common Shares must trade above US $4.00 in order to be eligible for trading on NASDAQ, the world's premier technology stock marketplace. While no determination has been made to pursue a NASDAQ listing of Common Shares, a trading price above US 4.00 keeps that option open for the Corporation. Note: three other potential benefits listed. ALSO, there's this and I quote from just released MD&A, page 3 under Objectives column..."Ensure legal and financial internal processes and reporting capabilities will permit a NASDAQ listing in calendar 2016. Current Status; In process. INSTEAD, investors new or considering TST read this... "Finally, a special resolution amending the articles of the Corporation to consolidate the issued and outstanding Common Shares at a ratio of up to fifteen (15) pre-consolidation for every one (1) post-consolidation Common Share if, as and when determined by the Board of Directors over a period of one year, was confirmed, ratified and approved." --- First impression?? Benefit to investors??
Comment by ragingbull1327 on Nov 16, 2015 1:41pm
Yeah.  They want you to read between the lines.   They've been trying so long to shake investors from the tree, I'm not convinced that all of their friends are here yet.   The buyers seem to want to buy, but the sellers, for whatever reason, keep selling at the stupidest prices imagineable (since the last trading range they thought was "accurately representing the ...more  
Comment by ragingbull1327 on Nov 16, 2015 1:46pm
it's pretty effin sad when your best course of action is to reverse-split to get to $4.00 a share.   If more people had insight, instead of merely $'s to throw around, more money would be in the right places.   This company is worth $4.00 per share NOW on implied value WITHOUT any consolidation.   It's only the retard living in "the present" that's ...more  
Comment by ragingbull1327 on Nov 16, 2015 1:50pm
If the company never gets the approval, it's worth ZERO.   If it gets the approval, it's worth $6.00 Canadian PLUS per share almost immediately.    You tell me wtf anything in between means.....jokers
Comment by investderp on Nov 16, 2015 1:51pm
Since you're so adamant the company is worth $4/share, I'm happy to tender my shares to you at that price.  
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