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vator

04/29/23 6:36 AM

#589497 RE: vator #589495

She is more vulnerable now even with insiders holding 20% than she was during the Woodford years. This is a proven product especially in the recent combination trials. Even if she put together a consortium of investors, and she knows people with billions, and offered $5 per share without the poison pill going into effect she would lose control. MRK could come in with a slightly better offer and any judge would say the poison pill no longer is in effect due to the management’s action of trying to go private without it. I guarantee MRK after outbidding within six months would be selling combination therapy for GBM. They could do it without Advent personnel. NWBO owns the IP and I doubt CRL would turn down MRK to run the facility with old Cognate personnel.

At this price she is very vulnerable. Mostly has herself to blame.
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HappyLibrarian

04/29/23 7:35 AM

#589499 RE: vator #589495

Someone could come in and make a $5 offer now and a great many shareholders would jump. The $5 offer would cost them $10/share with the poison pill. If you think the platform is worth much more it is still a good deal. We are very vulnerable at this price.



This is where alienating shareholders could really come back to haunt them. $5 would be way too low especially with approval but folks are tired and it’s time for this to be over.