@triplecrown333 - We're pretty far down in the basement right now. Unless we see a lot of green days in a row, and some very positive press, I wouldn't be too optimistic just yet. Highest market cap I can recall was about $180M with 499M shares O/S when PPS briefly got to 0.36 after the failed R/S vote in June. Given that there are now about 75M shares O/S (including warrants), a PPS of $2.40 would produce the same market cap. However, as far as we can tell, dilution is not done yet, and what is a realistic market cap for this company, based on their products and pipeline? If we assume a realistic market cap is $100M (just for the sake of discussion), then at current O/S count, $1.00 is not out of the question, but I don't see it happening without (1) Dilution finished with no more than 100M O/S, (2) A catalyst, such as a positive interim safety analysis, IMHO.
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