Tell me something more about you ?
You seem very in to the fundamental analysis ? Add the warrants now and dilution and obligations, consider companies also put out bonds. They have to pay those.
You might be better in a larger cap more mature and profitable company with what I have been hearing from you so far with the way you appear to be thinking and what you seem to be analyzing?
I did not hear a lot of feeling out the psychology of your fellow players in what cycles and what triggers price moves.
Here it is a given, small cap pharma is spec and danger, everyone is expecting the big payoffs or figure when to short.
Do you play leveraged options ?