NorthWest Biotherapeutics Inc (NWBO)

[no2koolaid]

Nope, no kool-aid for me and one must be careful how one determines the value of a firm. Kaizenman actually has the eye opening discussion, as he did E/V calculations.

Frankly, trying to value a company through market cap is intellectually lazy and neither E/V nor DCF consider market cap the prevailing means to assess a company's value.

Market capitalization, or "market cap", is the aggregate market value of a company represented in a dollar amount. Since it represents the “market” value of a company, it is computed based on the current market price (CMP) of its shares and the total number of outstanding shares.

One can easily see that market cap is NOT an accurate means to value a company when considering the market cap of AMC and GME at the time of the "great meme invasion". Neither had a market cap that accurately represented the value of the businesses. Today, both remain financially challenged.

Not sure if this link was checked, but it is a set of best practices for determining valuations for bio/pharma. It offers a "dirty dozen" for any poor man to consider and, when doing so, please notice that "market cap" is not among them.
https://www.biopharmavantage.com/pharma-biotech-valuation-best-practices