Why is this transaction good for TZYM shareholders?
I don't see the obvious value for the TZYM shareholders. I think the value for the new investors of the $20M is really obvious. They're the winners in this deal.
Linda Grais seems to have a good background, but her last two companies (SGX and ARCA) both struggled and I can't see that she has ever been the CEO of any other public company....or private. Wishing her good luck....guess this is her chance.
Ocera seems interesting, but won't the new investors be motivated to drive down the share price before investing their new $20M? Seems obvious that they would.
Also, no composition of matter yet for the lead compound in the US and EU. Method of use are complex patents....i want to see composition of matter.
This might be an interesting play after the $20M investment. I'm buying in where the new investors buy in. This could tank for a bit very easily. The only good thing is that TZYM seems to have initial investors still holding large chuncks so there may not be that much out there to allow it to go down.
I guess it was this or bankruptcy. I thought they would marry a local company and try to spend their remaining cash on a last shot. Kinda feel like their surrendering to Ocera.
I absolutely hear you loud and clear on that one. She has solid VC affiliation, but it won't be VC's taking things to the next level. She will have to attract institutional investors. We need way more information about Ocera and their lead compounds. Vipin Garg said something about a powerpoint presentation being posted to TZYM's website.
True, but I'm sure with time they would find a way to take some on given time.
Liquidation wouldn't have brought any value to shareholders so I guess a reverse merger was the only way to go. It looks like BMS gave no value to the platform which is too bad. That would have been a clean and easy exit.