TELESTA THERAPEUTICS INC T.TST

Please translate this comment from Telesta's CEO...

[SteveMcM1]

"The current climate of uncertainty in the financial markets has created opportunities for well-capitalized companies that were simply not available even a few months ago.”

Anyone have thoughts about what he is trying to say here?


On and on a side note....our CEO did not feel it neccessary to attend the Adcom meeting, but I can guarentee he will be attending the Roth conference or any other venue that can bail him out.

[ragingbull1234]

They don't even realize that the "financial markets" are conjured to be good and bad?    They think it just "happens"?     The USA ALWAYS gets to buy assets for pennies on the dollar due to the misfortune that they put OTHER PEOPLE IN ON PURPOSE, and now they want me to believe "economic conditions" have something to do with this?    

[ragingbull1234]

Go watch Zeitgeist.    You won't be buying ANY more stocks.   :)

[ragingbull1234]

Better yet, Zeitgeist addendum.    If you and I were the only two people on the planet and there was $100 in existence, and I decided to lend you some, where do you suppose the interest money comes from to "pay me back"?    Yep.  Thin air.    Since we are now dealing with a domestic economy in the TRILLIONS, and the system sucks balls, I'm pretty

[ROIHunter]

Translation: We are screwed Of course someone could always buy us, but we would not make any money. We will now buy some drowning company that will keep us afloat and justify our salaries until we manage to piss away the $35 million we have in the bank. The water is full of blood so we should not have any trouble finding drowning companies.

[vega509]

SteveMcM1, he could be hinting at buying another company with what is left in the bank, or he could mean some other company may buy TST for pennies on the dollar. if neither, the way forward is going to be very expensive, and have a long time line. the ADCOM failure has only made it much more difficult to raise any capital.