PolyMedix, Inc.(fka PYMXQ)

[gandalf2325]

What would you define as the west? I assume you would include Canada and the U.S. Would you also include Europe? Australia? Any former Soviet countries?

USA, Canada and Western Europe (the traditional developed world). If there was a solid reason to include Australia that might work, but I don't know too much about clinical trials over there.

My estimate of the sale price would be $.40 to $.50, which would leave most of us in the red, in my opinion.

I think $1.50 should be a minimum price target in a buyout. Even that is only a $170 million enterprise value. Would be a reasonable valuation for both sides... But, I agree with you that we can't get there from here with just a buyout. Much too high of a premium.