Tuesday, October 27, 2020 11:18:00 AM
MDT had a chance to sing a long time ago and put TMD out of its misery with a business combination, but decided instead to take door #2 and inject the equivalent of 50% of its market value?! TMD, a science project that doesn't have anyone, not a single entity holding more than 10% to get in its way?? I would understand if they had a substantial shareholder (holding over 20%) or a controlling shareholder (holding over 50%) to have to tippy toe finance. Since the IP's are up for grabs and not a single company stepped up to the plate to secure 10.1%, which would complicate a buyout, that makes me scratch my head. To make it even easier, TMD baited the hook by allowing the poison pill to expire years ago. Again, still no bites!
SCOOOOOOOP!! and back up that truck!!
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