Wednesday, August 20, 2014 11:26:26 AM
I will say that the company was not as clear about the 2.1 to 2.4 valuation being a future valuation at today's cost. So that valuation was always the value of the stock in 2016 (when they believed they would be launching the first ART drug). Now my question is is that the actual value of the company due to its expected earnings or the estimated price of its stock. If its the former then we could put some multiple on that to get to a reasonable P/E ratio.
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