Therapix Biosciences Ltd ADR TRPXY

HUGE

[Fundy13]

with HUGE SP going back up the last couple days, maybe that opens the door for continued negotiations.
HUGE was originally going to give up 130million HUGE shares.  AT $0.40 CND per share that would translate into $39million US or about $11US per share for TRPX shareholders.
I think that would be a win win for everryone involved, Unless TRPX already has a better offer on the table.

[easyas123]

Would be great to know what the revised offer was.

[Fundy13]

I agree, but you have to think at the very minimum HUGE would have kept the 130million share offer.  They were comfortable giving up a certain percentage of the company based on the 130million shares, it was when share price dropped and they would have to give up more shares that they had issues.  130million shares at $.40 would be about 80% of what the original LOI offered.  You

[easyas123]

Apparently not an option according to HUGE IR: The decision is final and we dont have interest in them anymore. Best Regards, IR

[Fundy13]

It is really amazing at how incompitent  HUGE management made themselves look during this process.  Time will tell what is going to happen.  I expect news within 45 day of either another deal or financing arrangements.  I do not expect TRPX to issue more share to raise money.