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DewDiligence

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DewDiligence

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Re: dewophile post# 249128

Monday, 10/02/2023 5:10:10 PM

Monday, October 02, 2023 5:10:10 PM

Post# of 251868
ENTA could monetize the remaining 46% of the Mavyret royalty stream today for roughly $175M. Adding that to the $423M pro forma cash on hand at 6/30/23 (#msg-172639279) would yield about $600M, less whatever has been burned since 6/30/23. Then ENTA could repurchase 100% of the shares outstanding (including all derivatives) at $20/sh and go private.

I’m not suggesting that the above will happen, but rather pointing out the sheer cheapness of the existing valuation.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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