My take is that if BETonMACE succeeds that the MC will at a minimum go to $2.5 billion USD.....that would mean in and around $3 billion in CDN funds.
Crazy, out to lunch...pie in the sky? Could be....only way we'll find out is if BETonMACE does in fact succeed.
A while back on agoracome (ledenfrog then switched to growacet) I opined that I didn't care if they issued another 100 million shares, I just wanted that loan out of the way with the IP as colateral...I wanted it gone with enough money left over to fund research.
This placement meets half that goal...money to retire the loan, but precious little left over after paying about $15 million CDN in expenses. I'm guessing they're good til the end of the year....but at least the IP is now protected, assuming this deal is approved...and I am assuming it will be.
Okay...so now we're looking at about 175 million shares issued and outstanding, and without bothering to look it up I'll just spitball another 25 million to account for warrants and possible future dilution....
If the Market Cap were to get to $3 billion CDN we'd be looking at a share price of around $15 assuming 200 million shares fully diluted....
Again...its all just spitballing at this point, and unitl/unless BETonMACE succeeds its up for debate. Frankly I wouldn't be upset if Resverlogix was bought out right now for $1 billion CDN....a bird in the hand etc.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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