Wednesday, July 26, 2017 10:07:06 PM
But I keep seeing posts about trips! coming and wanted to demonstrate just how STUPID that is!
Let's assume they increase a/s to 5 billion and max that out. And assume same PPS as close Wednesday of $.0012. (Yes I get that if they further diluted it would logically bring down PPS, but I use $.0012 as an extreme)
5 B x $.0012 = $6.0m market cap which is STUPID low, really STUPID low! But this is assuming a dilution of the shares by an additional factor of 4! This stock is so crazy under valued it's NUTS. Do you realize what another pharma co would pay for a orphan status? Can we agree on at minimum $6m, which again would still put this 4x undervalued
They could increase the a/s to 25 billion, and with same PPS as Wednesday close would probably be in line with still reasonable market value of $30m. BUT still about 1/3 of where the market cap should be once phase II starts later 2017, where there's only 5 mths left in the calendar yea
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