RE:Panmure Gordon UpdateHey ! I think I made a similar IP under-valuation point yesterday ! I do like Gordon's numbers.
It is often said that "the markets are truth" ... I think this is one of those rare opportunities where the market's lack of confidence in mgmt, that has been built on the foundation of repeated underperformance... has created a phenomenal opportunity... where the market truly has this wrong.....underappreciating the value that has been created... and thats just the CDN equity institutions.
I buy into the thesis that the IP build has been wholly under appreciated largely because of the Revenue disappointments and overpromising.... they are in the penalty box.... and given the relative small market cap, the US / Internationals havent even begun to pay attention yet.
If in fact mgmt can execute their baseline IND efficacy trials and PPPS plans.... and bring this whole value proposition to the Nasdaq, something close to the true relative value should be unlocked in a rather violent manner.