Jul. 17 at 11:38 AM
$EVGN
Activist investor Silberman took a 1.6m -1.9m stake in Evogene and wants to replace 3 board members with his own people. Incredibly, he wants to keep Ofer Haviv, CEO. The stake is over 10% so he cant sell without filing and if he sells he cant keep profits
This stock should scream to 1.25 per share ( armistice 5m warrant price). The float is tight. The validation of Evogene's ChemPass AI should be at record highs for them and industry Pharma ag and tech companies are surrounding it. AI Drug discovery engines are IPOing at 1-2 billion per company. This engine is a 100-200m engine today but being totally mishandled by CEO and board in their capital structure dealings with Armistice and banker AGP. We should be trading at 10 now not .58
that said, the valuation with all the games should be 1.25
Activist if bad actor will take company over and sell chempass for 100m and place new company in shell. If good actor, he'll find a way to drive value in chempass and drive share price up