TELESTA THERAPEUTICS INC T.TST

K2 Principal Fund

[stocked17]

Anybody have any details of this transaction?

BRIEF-K2 Principal Fund says after acquisition K2 owns 18 mln shares of Telesta 2016-08-29 07:59:00 AM ET (Reuters)

Aug 29 (Reuters) - Telesta Therapeutics Inc * K2 Principal Fund acquired ownership of an aggregate of 18 million common shares in capital Telesta Thereapeutics Inc * K2 Principal Fund L.P. Says after acquisition K2 owns 18 million shares, which represent approximately 5.94% of issued and outstanding shares of Telesta Source text for Eikon: Further company coverage:

[mercedesman]

Re: K2 "K2 & Associates is a hedge fund with an 18 year track record of successfully managing money and creating value for our shareholders and stakeholders at large. Our returns rank in the top decile of all funds during this period.... ... We are ACTIVISTS who work to surface value, and we have competitive advantage in many areas that create alpha." --------------------------------

[NearlyDone]

having an ACTIVIST hedge fund accumulating shares in and around the strike price has to be good for retailers still in the game I think. Anything to shake management out of the plan to cut this really weak and easy deal in front of them and be home with full packages by Xmas is appreciated in my opinion. I would like to think that K2 will be relentless and greed driven which will benefit all

[vega509]

hopefully K2 won't be happy with a quick double.

[mercedesman]

They likely have a double or more on some of their purchases already. Nothing wrong with looking for 30 - 50 % more from here. Annualized that is a phenomenal return. Like it or not TST shareholders will not get full value for the hard assets, soft assets and crumbs...but I'm banking on something a little closer to "fairness". Let's face it Management threw the dice and lost. I

[Mikepal]

how do we know they acculuated shares in around the strike price - couldn't they have bought when the SP was lower?

[TheRock07]

There are rumblings that we have another pair of delicate hands moving up our thighs . Dont sell. We could be looking at $0.20 +