I think you are correct on $4. So let me modify:
So, if Nasdaq is $4.00 minimal listing requirements -- and this all assumes, of course, that we actually get approved by Nasdaq for listing -- then I will personally *only* buy HLIX below .40.
And a $4.00 *minimal* Nasdaq price in my clean 20M OS estimate, that would be a $80M market cap with at most $15M in sales this year without the guard. And there is no evidence that MOR will be bringing any revenue with that, just alleged competitive advantages. So, I'll give that a p/s ratio of 5.3 on Nasdaq minimal listing. Which is high for the HLIX eqiuvalent of 40 cents, and better than what KERN is looking like lately.
So, there you have it. No way I'll be buying at .40, but hopefully I will be below .20 because I want VERY GOOD value.
Whatsup, thanks for being a contribution. First time for everything.
Not sure if this is going to automatically convert through brokerage accounts or if it will require some paperwork. I haven't gone through something in this fashion yet. I think there was something about that in the filing which I still only skimmed at this point.
