In other words, let's say ISRG (for example) licenses an application for $20M
I like your optimism, but why would anyone pay 20 million for an application of LTC when they can buy an outright controlling interest in the entire company for 10 $$ million?
And that's figuring: 51% of 100 million shares at a PPS of .20 = $10,200,000
IMO, it's more realistic to assume:
1. Some serious cash that needs to be raised
2. At the current PPS, raising serious cash through a share offering would result in unacceptably massive dilution
3. An IPO of LTC at a PPS of .20 to raise, say 20 million $$ would require placement of 100,000,000 new shares. Not likely......
Looks like the new team's first job is to resurrect some excitement around LTC and get the PPS boosted up considerably from current levels. Once the perceived value of LTC is closer to a buck a share, IPOs and other fundraising instruments start to make more sense for the shareholders. Let's hope this team can deliver Richard A what didn't: connections that mean $$$$$$ for LTC.
