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runncoach

02/23/20 8:49 AM

#15607 RE: LaurieM #15606

Let me first say that I have no idea if the company is going to buy, sell, merge, spin something off, etc. I just know thats the type of thing the company has told us they are pursuing and that they will let us know only when a transaction is complete. What can a company with 35 million in the bank do with that money? Well check out what TOCA did. One of the tax loss selling stocks on my list after a rough 2019. Stock has 4+ bagged in the last week on merger news. .50 stock with cash that structured a deal which helped both the company and its shareholders. Stock had IMO artificially been held down until deal was complete. Either way check out how cash in the bank can be leveraged for shareholder value.

https://ih.advfn.com/stock-market/NASDAQ/tocagen-TOCA/stock-news/81800649/tocagen-and-forte-biosciences-announce-merger

...but, but, TOCA lol.