Just the patents, and research work to come leading to further patents across the board regarding all kinds of products, are hard to place a future value on today. [mrtacpans might have an opinion on this.] Keep in mind, potential buyers, if the company is sold, not restructured, tend to plan for the long term. A company like Cargill would likely have a 2yr, 5yr, and even 10yr plan covering everything from projecting states of the global economy to evaluating plans for expansion and introducing new products. Even if they would pay as little as $500M, BIOA's facilities and patents could/would form the basis of a multi-BILLION$$ operation within 5-10 years. Just my analysis.