Value of BNC I have always said the value here is the human health: Urocidin
I now believe at this point that is 90% worthless to shareholders.
I believe BNC is going to be forced to make large moves one way or the other with large debt eventually coming due and cash burn. Remember this company is an animal health company that has no experience in running clinical trials or in manufacturing.
I believe they will eventually hire a firm to help them sell assets. The Plant will be worth more if you have contracts to produce with all of its validations.
I hope/wish that the new animal health drugs will contribute but I don't think they will contribute as expected. BNC will not have enough time to get any other human health drugs off the ground, but they may be able to do some licensing.
My investment perspective is to hope in the next 6 months something above happens and the stock bumps up to the .70/.80 and I can take my loss.
Opportunity Cost: Is the opportunity you could be investing in something that makes you money while your holding your current position and losing. so even if you wait 5 years for a 100% return, you could have been better off holding different stocks which resulted in larger returns over that time. Not to mention compounding of money each year.