You have to look at it in terms of market value or market cap. They raised the AS for a reason and one must reasonably assume the OS goes to about 1 billion to stabilize debt and finance forward. With that said, 2-3 cents only puts this to a market cap it was at earlier this year before the legal shenanigans and shark feeding.
They are close to patent approvals and have had additional clinical success. More clinicals underway, super advisory team and new partnerships in the stem cell space seem highly likely. Leading technology in this field can easily balloon this market value to a few hundred million this year, or 10-20 cents. From there it all depends on share structure, revenue build out, clinical successes, etc. Can this be a billion dollar company? Sure, just may take several years and some good luck. Although, I would not be surprised to see buyout offers at some point roll in prior to this company even getting close to maturity.