TELESTA THERAPEUTICS INC T.TST

Plan X

[DamnYankees]

I have to think that management wasn't surprised by their CRL. Except for a short pre adcom pop, when people that matter jumped ship after a seeking alpha article was published, the share price has been hinting at it since the priority review was announced.  Certainly they must have known, with a high probability, since the Adcomm failure. The market knew. It barely traded heading into an FDA decision?.If that is the case why would would they be scrambling for a contingency plan. Wouldn't they already have one in place? Aren't good managers expected to be prepared for the likelihood of the worst, when the signs were everywhere? Why the delay to speak to shareholders?

[ragingbull1234]

It doesn't occur to you that it's possible that the same people you are talking about may have had "the plan" in place more than a year ago and it's only 97% done?   I believe that this is all by design.   It would take a "special kind of effort" to for all parties involved to fail this miserably.   It's not a scam.   It's the everyday

[runningonempty]

Yankee, Not sure if management was surprised by letter or even expecting, but they did nothing to help situation from ADCOM until CRL. They certainly did not communicate anything during this timeframe other than to say we are still moving forward. So we got  what effort was put into this whole submission, we got screwed. Now we are waiting for management to say something other than we are

[DamnYankees]

John Ford's conservative estimate of a completed P3 is 150 mil US. That is 50 cents/share. The present value of this asset is slightly less than $0.00/share. After the Telesta discount factor is applied I am expecting to be told that 5 to 6 cents is good value for common shareholders. I wish that was stated in jest.

[DryBones]

Manglements decision to follow a high risk plan was not without a strategic option in mind. yes, submitting a decade old  phase 3a was rather stupid but you could tell they had a doomsday scenario in mind too.  They raised money early in case of failure.  They allude to the possiblities by stating that the market is really good for acquistions.   This would be beaten down

[vega509]

DB ...... or maybe they will chose a company to merge with using the same acumen they have showed to date. it is difficult to keep the faith ........

[DamnYankees]

You are not the only one balancing out the fist full of failures with the empty palm of promise. The dust has nearly settled and the entire MCNA platform is valued at below nothing. Im not sure anyone wants to march on with this leadership, or has any faith that they can fairly value and sell the assets in front of them, let alone acquire new ones.