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Cynmark24

01/20/17 11:16 AM

#9548 RE: Grip it and Sip It #9546

"Nader has a fiduciary responsibility to maximize shareholder value. He can't sell low to GILD, especially if other companies agree to pay more after an announcement."

From your mouth, Sip It, to "God's ear," I hope you're right. That's how it's supposed to happen!
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pearsby09

01/20/17 1:08 PM

#9549 RE: Grip it and Sip It #9546

He does not want to sell low but may not have a choice if they are the only game in town (GILD). Nadar cannot go it alone. The infra structure to go alone would cost 10's of millions in capital/dilution. Additionally, Nadar has no experience in commercialization...it would be a disaster and a night mare! He has to sell this company and for the shareholders sake, at an equitable and fair value...5 to 7 minimum, 8 to 10 preferably. will he take offers post BTD and Adjunct (if approved)...or wait another year for Mono results (taking a chance on a tougher approval landscape...risk/reward...along with obviously more dilution to complete Mono. If Mono comes to fruition, Nadar wins the bet, if not, dilution for nothing!