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Tuesday, July 25, 2023 9:50:13 PM
Could be right. Or it could be they disagreed with the Baudax investment. It looks like we may have played a major role in financing their acquisition of TeraImmune by buying those 500K shares, which got as high as $1.40 that day. Stock-for-stock deal, but operating costs will likely be higher for them..
And sacrificing the Nasdaq listing? Maybe we did that, and maybe the Board members resigned, because we are going to form our business combination with Baudax, and there weren't enough Board seats in the deal. They're a small outfit, and also facing delisting, if they can't regain compliance. And the Founder also founded Recro Bio REPH.
"RECRO COMPLETES SEPARATION OF BAUDAX BIO AND BECOMES A DEDICATED CONTRACT DEVELOPMENT AND MANUFACTURING ORGANIZATION
NOVEMBER 21, 2019 4:30PM EST"
https://ir.societalcdmo.com/press-releases/detail/153/recro-completes-separation-of-baudax-bio-and-becomes-a
Limited resources. A small operation. But an established framework, and potential to grow.
Maybe it's just wishful thinking, because to say I've been doing a lot of that would be a huge understatement. But dang! We're on the cusp of turbo-blasting, and I want to see it happen!
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