To date, CIBT has earned a $6 million development fee from this project and anticipates earning an additional $10 million in fees through the remainder of 2018. These funds will be used by CIBT to acquire at least a 20% equity interest in this GEC® project.
$16 Million in development fees works out to about .20 per share...So I'm actually paying .53 per share.
I won't be surprised if we pass $1 before July....Earnings out in a couple weeks...Expecting a pop, but not holding my breath.