Contrary to dreary old Fred, I see a buy-out in the first quarter of 2018- This is in no way a "several" years holding. Depending on the timeline, we'll have approximately 260 million shares outstanding including all warrants/options at the time of purchase-
I expect the data to be strong and similar to all previous trials, their won't be a big dilutive event if purchased in February as they need approximately $13m-$15m to get their.
Th mono enrollment should be finished, other underlying trials marching forward and the combo data complete - and compelling enough to entice suitors - However, I'm a bit more subdued in my buy-out expectations, I'd say $3.00- $3.50 - $800m to $900m -- JMO - and so I invest accordingly- picked up more today-