I believe that if you look at other companies post approval you'll find they have market caps of a couple billion dollars, or more. Our market cap is just over half a billion. A two billion market cap will put us close to $2 a share.
Frankly I believe our potential is far greater than most biotech's with their initial approvals, certainly some of their products have blockbuster potential, but our vaccine could go well over the potential of most of the others. As our story becomes better know, I believe our market cap could certainly reach $5 billion or more on UK approval alone.
It's hard to say if UK approval alone will build the share price to the point where we can move to the Nasdaq or NYSE, more than $5 billion in market cap is needed for that, but add some news on the EDEN or filing with other regulators for approval and that should get us there. I believe we'll see this by the end of this year.
All the above is assuming that we don't get an emotional reaction to the approval. If approval gains major media attention, headlines saying our vaccine is a new paradigm in the treatment of cancer, IE investors want in regardless of the share price, no telling how high we might go. Certainly we'll retrench, but if our high is $10 or more, we'll retrence 30 to 50% of that high, so $5 or more, that will be sufficient to get on whatever exchange LP wants. Frankly I don't know that emotion won't take us much higher than $10, if it does I do intend to put trailing stops on at least some of my shares, and certainly all that are in Roth's. We've all seen $1 stocks go to $100, then fall back to practically where they started, I don't believe that will happen, but with the right media attention a high at $20 or more is not impossible. If such a thing occurred, I'm not sure it wouldn't be sustained by a partnership with a BP.
Gary