Lineage Cell Therapeutics Inc (LCTX)

[bobby2loaves]

Hey Ahab, I still visit this site. Hard to get excited to post about BTX when the share price is down from $2.70 to $0.86 in the past 3 months. At this point, BTX is basically trading at liquidation value. The market cap of around $100mm is almost identical to the sum of their cash in the bank, promissory note from Juvenescence, and OCX/AGE/AST holdings. That assigns exactly zero value to BTX's entire pipeline and IP. If we look forward to BTX in a post BTX/AST merger world, it boosts the market cap to a whopping $120mm, with about $20mm assigned to both BTX and AST's pipelines and IP combined. I know the biotech and overall markets are down hard here, but this is the kind of level I would have expected from BTX at the bottom of a 60% market crash, not a 20% drop. At this point, I figure either Friday's lifetime record high trading volume was either seller capitulation, or BTX is somehow criminal (I have no reason to think this, so I am assuming once the panic subsides, BTX will rise above a dollar fairly quickly, and then we will see what it has in the tank.) I am thinking the cessation of tax loss selling/market crashing combined with BTX's "aggressive rollout of plans" at the JP Morgan Healthcare Conference the week of January 7th - January 10th might give BTX a chance to reverse its relentless decline in the next few weeks. Either that, or at this pace, the stock will be at zero by the end of January!