$.05 once the FDA clears their initial IND. $.05 --$.10 after they announce phase 1 $.10--$.20 after they announce phase 2 $.20--.50 after they spin the drug off to big pharma. However, I believe that BMSN will announce a second and third IND during all of that based on their previous statements regarding their business model. Also, there is a bit of an unknown as to how to value companies in this field so my numbers may have to be adjuated 10--50% higher depending on how the market reacts.
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