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Titan Pharmaceuticals Inc. Message Board

  • lovebumper.50cents lovebumper.50cents May 29, 2013 6:23 PM Flag

    glad i am out thats alli have to say!

    an also announced that its board of directors has adopted a new stockholder rights plan (the "Rights Plan"). Under the Rights Plan, each stockholder, at the close of business on June 6, 2013, will receive a dividend distribution of one right for each share of common stock held entitling the registered holder to purchase from the Company common equivalent junior preferred stock. The Company's prior rights plan expired by its terms on December 20, 2012.
    they have no where else to go for financing,, they are at the mercy of braeburn who is in only for the intial anty,, now in a round about way they asking stockholders for help,,, junior preferred stock? what crazy idea is this?

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