Harvard Apparatus Regenerative Tech Inc. (HRGN)

[Tekterra]

I just read through their most recent 10Q and recent news and I now have a better understanding.

So Pecos wouldn't honor their agreement to fund the company and kept pushing for more demand 20% ownership and a seat on BoD. Now they want to replace the current CEO.

On the other hand, BSTG is all but broke and no money left to even fight back. So it seems they have warn in the earnings report that they as a company having issues as a going concern and would be forced to cease operations if they cannot get funding.

Well, it's clear what will happen here. A, they file BK. B, current CEO step down according to Pecos demand and company goes on.

Right thing to do for the CEO is to save the company and remaining shareholders by stepping down. But, it really sucks to be the CEO being forced out basically. Tough times for the board of directors. This is a hostile takeover by Pecos.

If current CEO gave in, Pecos will be the major owner of BSTG. But then, the science guy left too, and if Pecos succeed in taking over, I'm sure they find a replacement to get the IND going and human trials rolling. I felt sorry for the current CEO.