I agree. Right now there is nobody who would risk $10B on AVXL. However, in 6-12 months from now (assuming continued good data) it will be worth that much.
Why on earth would anyone want to sell today for 1/3 the amount that we can demand in 6-12 months?!?
In fact, why would we sell ever??! We have the $$ on hand right now to run phase 2/3 ourselves. We keep all the profit.