Good comments in AVX thread (Post #: 3639494 by Bernard1138)
" ... If I were a Progen shareholder, I would be very unhappy with the deal. Up until they announced the "merger" Progen shareholders were looking at getting $1.10 per share from the wind up of their failed enterprise. An enterprise that a only last March was on the verge of making them rich. They had to pull the product that they had been pursuing for a decade because they couldnt get support for their clinical trials because a competitor came out with a more acceptable treatment.
If I were a Progen shareholder, I would want my $1,10 back and make my own investment decisions about where my money would perform best. If I thought that was AVX, I would buy it myself. I wouldnt be letting some other group make decisions about where to invest my money. Let's face it, there are plenty of good lower risk long term prospects at the moment.... "
PGL Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held
