Algernon Pharmaceuticals Inc (AGNPF)

[jb1965]

Agreed that they will likely not make it to market as Breathtec, but as for your second comment regarding this type of technology not being cheap, remember that when it comes to publicly traded companies, it's the shareholder's that vote/decide on what a fair price is.

If a hostile party (or friendly one for that matter) comes along and makes a run at BTH, they can offer shareholders C$0.26/sh for a buyout at this time (100% markup to the 30 day average trading price). If there is a sufficient number of shareholders to vote in favour of that, then that's going to be the price that everyone receives for the takeover.

Don't forget that you have Kal out there (and friends and family) that have millions of shares at C$0.075/sh. So an offer by a buyer to pay them C$0.26/sh today would seem like a pretty nice payout (don't forget warrants get triggered too on a takeover).

Always remember:

1) The best defense to a takeover is a high share price
2) The best way to maximize shareholder value in a buyout situation is to start with a high share price

Given the above and were we sit now, we have some work to do...

JB