Some more info on IDMI:
$3.53 projected IDM share price per RnR!?!
"Rodman & Renshaw analyst Reni Benjamin said a partnership is likely upon approval and named privately held Sigma-Tau S.p.A. as a potential suitor.
"Very rarely do we see these regulatory agencies go against the opinion of the panel, so I would expect approval," analyst Benjamin said.
Benjamin, who upgraded the stock to "market perform" from "market underperform," said about $10 million to $20 million in worldwide revenue is a reasonable expectation, but CEO Walbert declined to comment on the revenue expectations."
So RnR says $20M rev tops. $20M x 5 (revs)= $100M market cap.
$100M div by 28.35 shrs outstanding= $3.53 projected IDM share price per RnR!?!
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