TS03 Inc Trust Units TSTIF

Share Price Guesstimates

[anon314]

Following up on whyzthtat's estimated share price of $3.77, I am wondering if anyone else is willing to go on the record with a guess. Sara Elford's current estimate is $1.75 having stepped down from $3.25 in the last two years because of the length of time to get FDA approval. Elford's estimate uses a 20% discount for a DCF and some of the same economic assumptions as the 3M agreement. IF FDA approval comes in 2014, then both of those assumptions are way too conservative. With 73,000,000 shares outstanding at $1.16, I think there is no FDA approval scenario which would value  TOS' IP at anything as low as the current market value. I don't know how best to model this situation, especially when a takeout is thrown into the mix, but I am confident that share price on approval will be well above what it is now.

So, my guess. FDA approval before year-end. Share price > $2 on announcement of FDA approval. The longer the time to takeout, the greater the value of the company.