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Re: tedpeele post# 37911

Tuesday, 06/28/2016 2:43:27 PM

Tuesday, June 28, 2016 2:43:27 PM

Post# of 47873
No one -- least of all me, said IMSC is going to close its doors. It's going to be sold. Better it was two years from now, when it had a track record and was actually making money and perhaps even paying off some of its debt. That probably was the plan, because under those circumstances, it would be attractive. But Platinum's hand is forced, immediately, suddenly, because a judge in a trial told them to raise cash. I'm sure Platinum fought like hell to get the most value for its Implant Sciences asset. But put yourself in the shoes of a buyer. The guy on the other side of the table HAS to sell. Now. So who's 's going to blink? Who's going to go to his CEO and tell him that he just got the company the bargain of the century? I understand no one on this board wants to hear it, but that's reality. Platinum didn't decide in the spring to sell a wounded but potentially valuable company a few years down the road. They HAVE to sell, and today, as opposed to the future, there is not much value there.

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