Brief: Alpha Holdings - Continues To Believe That China Grand Proposal Is Not In Best Interests Of Oncosec's Stockholders

AlphaChips

15/11/2019 15:12

Alpha Holdings Inc  117670.KQ :
    * ALPHA HOLDINGS PROVIDES UPDATE ON OPPOSITION TO ONCOSEC
TAKEOVER
PROPOSAL
    * ALPHA HOLDINGS - REMAINS OPPOSED TO CHINA GRAND
TRANSACTION AND
INTENDS TO SOLICIT PROXIES FROM SHAREHOLDERS AT SPECIAL MEETING
    * ALPHA HOLDINGS - CONTINUES TO BELIEVE THAT CHINA GRAND
PROPOSAL
IS NOT IN BEST INTERESTS OF ONCOSEC'S STOCKHOLDERS
    * ALPHA HOLDINGS - BELIEVE ONCOSEC CAN FIND ADDITIONAL
FINANCING
WITHOUT GIVING UP CONTROL
    * ALPHA HOLDINGS INC - BELIEVE THAT ONCOSEC SHOULD SEEK A
STRONGER
LICENSING PARTNER THAN CHINA GRAND
    * ALPHA HOLDINGS - CONCERNED ABOUT OUT-LICENSING PORTION OF
PROPOSED TRANSACTION
    * ALPHA HOLDINGS - BELIEVES ONCOSEC SHOULD WITHDRAW PROPOSED
LICENSE, SHARE ISSUANCE TO CHINA GRAND
    * ALPHA HOLDINGS - ONCOSEC SHOULD REJECT TRANSACTIONS THAT
WOULD
TRANSFER CONTROL OR ALLOW DE-LISTING AT A LOW PRICE

Source text for Eikon:  ID:nBw7KTrhsa 
Further company coverage:  117670.KQ