RE:value Some of you are correct if you think my answer to Rosie1965's "share price" question was a little flippant. Rosie1965 is a
new Stockhouse member who, at the point of this writing, has made two posts. After welcoming them aboard, I would like to point out that their first post was a question about
foreign interest in Bioasis and xB3. It didn't take much to
dispose of that attempt to ridicule Bioasis and its shareholders, if it was intended as such, as I suspect it was.
In my opinion, Rosie1965's second post was a trap, an attempt to get some sort of outrageous answer from me that they could ridicule. But, in fact, I've been saying for a long time that the value of Bioasis on any given day is what the market says it is, no more no less. I get chrispi's view that Bioasis's value could be assessed by the potential deals and other successes that shareholders should be expecting. On that basis, Bioasis should be at a higher price but after all this time with few accomplishments, and with the spectre of an undervalued "accretive" merger or acquisition being predicted by Bioasis's main promoter, gee, it's hard to look to $5.00 or $10.00 because the company may not exist at a point when those numbers would make sense.
If Bioasis remained under the control of current shareholders, at least until the company accomplished something like a phase 1b success with xB3-001, who could doubt that the share price would shoot up. We could even see value given in the market for not only xB3-001 but for the entire in-house and partnered pipeline because, although the treatment of brain tumours is a big story, so is the safe and efficacious delivery of all drugs into the CNS that would be beneficial.
And Bioasis could have a big lock on a lot of that business. When it's realized that Bioasis can construct and control already-proven payloads as xB3-drugs, a benefit that essentially eliminates expensive R&D, that could further enhance the value of Bioasis shares. It's broadly recognized, by virtue of the market's assessment of Denali, that the transport of drugs into the CNS is a big deal.
About Rosie, their questions just give us another chance to discuss these things, regardless of their intentions on this forum.
jd