Pete. I agree with everything you say. Over many years there is a lot of money out there. What is its’ present value without risk? I’m just saying a significant offer cannot be dismissed out of hand. Mgmt has a fiduciary responsibility to the shareholders.
Yet we are sitting here staring at a share price of less than a dollar with a paltry valuation of less than $100 million when we are hoping it to be in billions valuation. What gives? The real question to be asked is what will unlock this pie in the sky valuation in the billions? Someone has to pour those money in to jack up the share price to be in billions valuation and when will that happen? All the talk about $10 B+ market is irrelevant at the moment because Prurisol still need money to advance it to NDA stage.
This leads me back to my post saying that if they were to sell the entire company, $100.00 per share is not unforseeable ( assuming we get good P results). Pricing will be based on the potential ROI for the buyer and not based off of current market cap or share price. All in my opinion.