Oh the good news, I can hardly bear it:
Increase in value: “ …a $6.5 million gain related to a reduction in the Company's estimate of the amount owed for conditionally repayable government assistance” (Yippe)
-Licensing transaction-“ licensing transaction with Ipsen. (They might even do something)
Commercial Operations!!!- an increase in expenses related to the establishment of a U.S. commercial operation and non-cash stock-based compensation!!! ( Fantastic- no cash drain in non- cash compensaton!)
Successful commercial operations anticipated!!! … “Conditionally repayable government assistance amounts only repayable in the form of a capped royalty to be paid in the event of the successful commercialisation of MCNA stood at nil…” (thank goodness success is not anticipated)
Opportunities!!! …”through the monetization of Telesta's key assets, including its MCNA franchise.” (anybody want a franchise?))
Strategic Options !!! (wow) …” through the execution of one or more strategic options including, but not limited to, the sale of the Company, the acquisition of development-stage or commercial assets, or the merger of the Company..” (this is completely to the benefit of the shareholders)
An Investment Bank!!!“… an investment bank if the Board of Directors determines that such an engagement would accelerate the successful conclusion of this strategic review process”. (we probably don’t even need them)
.
A US partner”… Telesta has determined that it will seek a partner to develop MCNA for the U.S. market..” (we don’t need no dang US listing. ???)
Discussions….” Telesta is in discussions with its existing development partners and is actively approaching other potential partners. (This is big, really big.)
Confidentiality As these discussions are held under confidentiality agreements, Telesta will only be announcing developments on these fronts when they are finalized. (oh tell us about it)
More Opportunities..”The Company continues to identify and implement opportunities to reduce ongoing operating expenditures and estimates that average cash expenditures for the last quarter of the fiscal year will be less than $0.8 million per month. (Only $9.6 million per year)
Yet More Multiples…"This is a difficult time for our shareholders as we work on multiple operational and strategic fronts simultaneously,…” (great multitasking- remember no driving while texting)
More Preservation “… to preserve and create value for all of our stakeholders…” (who said the stock went down?)