GREY:IPHAF - Post by User
Post by
BornReady1970on May 07, 2009 12:41pm
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Post# 15974922
Market Valuation
Market ValuationISA sold 19% of the company for 11.35m this creates a market value of approximately 59m. Accounting for dilution the share price will trend up north of $0.40 over the next month. Yes there are other factors like the tax offsets carried forward and cost savings from having Palidin make the NDA application, etc. But the simple fact remains that the company has just been re-valued by the market in a big way and the share price will trend towards that valuation.
cheers!
BR