50x on current value of $ 0.10 pps not so good. All the more reason to drive up the current value, then I will agree with your 50x assessment. 50x of a much higher pps works.
As far as risks, that's life. IMHO, the biggest risk was removed with the PTAB win. While I agree that all of your stated risks are real, some are more controllable for the company than others. The thing to keep in mind, other than legal expenses, VP doesn't really have any significant fixed overhead burden. Since KM has been with them for the last 8 years and stuck by VP when the cards looked stacked against them, KM must know there will be a significant payoff down the road and willing to work on minimum retainer fees.
BTW, I also think your "ridiculous" thought of Nuclear War is more real than any of us know right now...especially with 2 unstable leaders in charge of the US & NK!
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