Ardelyx Inc (ARDX)

[ErnieBilco]

This value they claim is based on fairytale assumptions and really mean nothing.

Again these preferred warrants of many different letters A,B,C are milestone based not share price based - this may be how they were able to overvalue them best on possible outcomes, if the milestones don't happen the warrants are worthless unless they sneak back in and come up with a different gimmick to allow the handing out of no cost Preferred classes of stock. This is not a normal way to do warrants but I guess they had to spike the punchbowl to get the hedgies to drink the koolaid.