I posted this yesterday and I stick with every ward, at least I'm trying to put some of my opinion, maybe I'm wrong. I will be glad to admit it. I have 80k shares of BPAX maybe it gives me some rights to speak out. So far I will plan vote against this deal with every single share.
"OK, "great deal" supporters do you still like it,
do you plan to vote for this?
Is The Market stupid? We have to vote it down, or........
Now we know, couple of ANI guys are going to be handed majority of Biosante, Market seems to predict what's gonna happen. Selling off BPAX assets, portfolio, using cash to their purposes?
Our miserable CEO stated its for the best of BPAX shareholders. Really?
All the great DD, but nobody can explain this unexplainable deal.
I DO NOT UNDERSTAND HOW IT SUPPOSE TO WORK FOR US.
WHY REVERSE SPLIT??????
Prof. calculate that BPAX needs "only"18M to get into deal.
BTW. what kind of company we are merging with if their share of 18M is questionable if they can raise the whole amount. What is this crap?
There would be Balance left of some 18M. Slice suggested could be used for another Libi study. So lets assume that's what would happen. Then, we gonna pay for study, if successful they will give us penny worth CVRs (Pet can effort new CRV) and the whole Libi sale premium would be shared with ANI crowed?
Lets face it ANI is hungry for our cash, The first thing that is gonna hit us if merger goes trough, massive dilution. New shares will be issued for simple reason to satisfy NASDAQ requirements to stay listed. What is this gonna do to value of our shares, somebody? anybody?"
AI
