The author states that the Roche payment would be (up to?) $30M, or about .15 per share, if Roche initiates a Phase 3 trial on EBI-031 by the end of 2026. Assuming the share structure has not changed since then (?) that would imply a CVR value of up to .15, would which then need to be discounted in two ways - the payment is not certain and might not occur until 27 months from now.
I have not personally validated those numbers.
If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!
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