Biotech Values

[drbio45]

check out ACCP. market cap of only $14 million. huge article coming out in business week soon. just got fda approval for their product. they have another product in phase 2 that may be a blockbuster. most bio-tech/pharma companies without an fda approved drug have market caps over $500 million. this one has a market cap of $14 million, a potential blockbuster in phase 2 and a drug already approved for the market?????

I don't know where the fellow in business week came out with the 14 million market cap but a financing in early 2006 was done for 5 million dollars at 22 cents that is about 25 million shares. there was also 75 percent warrant coverage at 26 cents, so that is about another 18 million shares. That financing alone was about 43 million shares so it responsible after the 1 for 5 reverse split of over 8 million shares.

the price was about 3 when the article hit so just the shares in the financing are worth over 24 million. He should take up math before he pumps stocks. SCO has done great with this stock