Hertz Global Holdings Inc (HTZ)

[gp22]

PHASQ @ .06...News out. PhaseBio has $100M+ deal on table. Terrific HTZ-like CH. 11 squeeze play op. Link:

PhaseBio used a brilliant strategy to take a voluntary Chapter 11 and delisting from Nasdaq on 11/03/22. Their plan is to force their recalcitrant partner and opponent in Court, SFJ Pharma, to agree to a deal to auction the PHASQ lead drug.

They have a solid stalking horse bid of $100M from AstraZeneca for rights to their lead drug with other major drug companies also in the hunt.

Today, 11/03/22, PHASQ was in Court in Delaware making their case to a very receptive Judge.

The Judge said, "This case cries out for a business solution". {On audio recording of Court proceedings today}.

PHASQ and SFJ Pharma agreed to talks today in Court based on the Judges urging.

PHASQ is well worth tuning in in coming sessions


Link: 11/03/22 news
https://www.mychesco.com/a/news/business/phasebio-plans-for-near-term-sale-using-structured-process-through-chapter-11-of-u-s-bankruptcy-code/