OTCQX:MRVFF - Post by User
Comment by
longondmxon Jul 27, 2009 10:18am
484 Views
Post# 16168124
RE: RE: Where we've come from
RE: RE: Where we've come fromThe $14 was during a time when valuations were overly optimistic for all stocks. I remember buying shares one day for a no-name tech company that had a big idea only and seeing the stock double within days. Then the bubble burst.
But then again, valuing NRI at $2 today pre-FDA approval wouldn't be too far fecthed given that it would equate to the cost to bring a drug to market. That's why I think post-FDA we will see $1.50-$2 a share.