TELESTA THERAPEUTICS INC T.TST

With re: to cash on hand,I feel the stock

[specul8tor]

is currently trading at a "worst case scenario" level.The cash is worth .14-15..alone..

[DamnYankees]

Spec, below cash value is worse than the worst case scenario. It implies that there could be a significant unforeseen charge to properly dispose of the MCNA asset. But what is new about that? This is still Telesta.

[blartar]

BE CAREFUL LONGS. remember Consonance Capital Investors dumped 25 ml shares a week ago. Maybe this NR is to help them unload the rest of their holdings. Just my " way out there"  type of thinking. Why didn't  they wait until next week ?   GLTAL

[lolstocks]

But they still kept 31,000,000 shares .... What does that tell you?  Maybe just lightening their load?  Maybe transferring their shares to someone they knew?  Who knows. You might be right, you might be wrong ....

[Nilsson1]

The insider report was from Mars 31 and TST has traded >80M since then, CCI is probably out by now and they dont have to report when their stake is below 10%.

[blartar]

I found this on sedar to-day. If it's wrong I appologize. As of March 31, 2016, the Eligible Institutional Investor held an aggregate of 31,059,004 Shares on behalf of Consonance Capital Master Account LP (24,847,203 Shares) and P Consonance Opportunities Ltd. (6,211,801 Shares) (collectively, the “Accounts”). The Eligible Institutional Investor’s current aggregate securityholding percentage

[Nilsson1]

Why should it be wrong?