Thanks, IB. A cheat sheet on MNTA’s income taxes is in #msg-62215094 (accessible from the ReadMeFirst section on valuation and finances).
Since all of MNTA’s income comes from the US, once MNTA starts paying income taxes, the tax rate will be the federal + Massachusetts statutory rate with some offset from the federal R&D tax credit. If you figure 35%, you’ll probably be close enough for investment purposes.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”