Replies to post #1458 on Theriva Biologics Inc (TOVX)

[halpern6]

very true ginks, so while there may be concern about them opting not to purchase the shares, as was pointed out here before, they are certainly in a good position to do so..IMO....GLTA.

[DewDiligence]

At December 31, 2008, Adeona had approximately $5.8 million in cash, no long term debt and anticipates that it spent approximately $600,000 during first quarter ended March 31, 2009. This means they should have 5.2 Million. At .50 cents per share they could buy 10 million.

And when they were done, they would have about $0.2M left to run the company.

What a clever business idea! Buy back shares on the open market at 50 cents and then do a PIPE at 25 cents to replenish the coffers. Why didn’t anyone else think of this?