Tuesday, June 27, 2017 11:43:26 PM
Many folks have said, "nobody is going to pay 3 billion for a company whose market cap is 300 million", and that would be correct - from a price of $6 and change. But that won't be the price before the MC moves to 3 billion or more; not even close. A possible scenario I believe unfolds will be as follows:
July, August, (possibly September) (i.e. Q3)
-more of the same trading pattern
-range is probably very high 5's to 8's
September
-partner announcement in prep for EU submission
-up to this PR, the pps should appreciate and close at/around $10 or so
-PR announcement moves the stock 20%-30%
-probably settle in the $12 range
Q4 (Oct-Dec)
-more "day-short-play" trading
-shorts may drop it to near $10 or just below and bump it to $16
-EU submission announcement - pps closes above $16, below $20
2018 - it gets even more interesting...
- maybe some more appreciation - close to $25, rumors of BO?
- a possible early BO post EU submission - pay 3X, would be around 3B
OR
EU approval and that would drive the pps up from the 20s to the 70s overnight
So, there you have it - 300 million to 3 billion in less than 1.5 years.
So doubters on this board, do you feel lucky? Sell then, and buy back in a year or two.
Have fun with that.
p.s tx_farmer - this post was meant to be a new post and not a reply to you. Apologies.
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