Cel Sci Corporation (CVM)

[BRMachine]

G8T, I agree with your valuation somewhere between 15-20B as a starting point, maybe higher depending on % efficacy over SOC and multiple offers. It could potentially be lower if efficacy is only around 10% above SOC (let’s hope not).

What did you use for the number of outstanding shares with warrants and options exercised? I’m using 55M as an estimate, but I’m not sure how accurate that is anymore.