Post by
TheRock07 on Apr 14, 2016 10:53am
Day Trader Infestation is almost over
They Destroy a BB with their silly banter which makes it difficult for real investors to conduct and exchange serious discussions .
Anyway, they are now mostly departed.
By my estimates, Telesta will have about $45 million in cash and liquid investments at the end of this quarter.
That limits my downside.
Upside will be determined by the outcome of Friday's meeting with FDA.
Management have had many exchanges with FDA so this meeting is not to formally accept NO from FDA re MNCA status.
There will be concessions made such that the drug can be accelerated to commercial release.
I suspect that Management have a game plan that will have deep pocket partner take MCNA to commercial production.
TST will get an undetermined amount up front , a royalty deal and a manufacturing contract.
An alternative is that TST is taken out and shareholders receive a lump sum return of capital.
Either way, we should be big winners ..