Arch Therapeutics Inc (ARTH)

[Amatuer17]

Here is some basis fir dreaming

The o/s shares are around 200 million (including warrants- stock options etc)

This number may go upto 250 million to complete other trial and CE mark (which is not cheap) and getting CMC certification

With 250 million o/s shares

SP = $4 —> mc = $ 1 B
SP = $6 —> mc = $ 1.5 B
SP = $ 8 —> mc = $ 2 B

SP = $ 30 —> mc = $ 7.5 B

If we get internal application approval - I think BO @ $2-$3 B is possible

If BO happens before that - $ 1 B can be reasonable expectation

So I am thinking 5 bagger from current price as reasonable low end expectation for me.