Tax loss not that bad
I expected the stock to tank below 0,09 today.
I guess tax loss pressure is less than what i expected.
I didn't expect so much buying interest ont the other hand.
Thallion is the most undervalued partnered biotech out there.
Bioniche has a market cap of 55M
Sembiosys has a market capt of 8M (on the verge of running out of cash)
Thallion is at 3M market cap.
It's a no brainer for me.
With Shigamabs deal, market will reprice this stock higher, closer to cash valuation.
Something like 0,50$ is not unlikely
Management did a wonderful job in getting Shigamabs deal!