GREY:IPHAF - Post by User
Comment by
macbethorfauston Jun 22, 2010 3:00pm
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Post# 17211585
RE: RE: Yeah dude, Thats when willbe smokin!
RE: RE: Yeah dude, Thats when willbe smokin!I don’t see $2.30 until we start generating some sales. That isn’t to say that the stock isn’t worth that; its just that it’s history plus the fact that there will be so much selling on the way up will keep a lid on for some time yet.. So we’ll get there; in fact we should go far beyond that, but not by August, not a chance.
By the way, and one more time - nothing turns on who technically “owns” the drug in this arrangement. What matters is who actually gets to earn money from it. Technically Palladin legally “owns” the drug but it, with some small market exceptions, it is licensed back to ISA on a perpetual basis so practically (aside from Palladin’s taxes) it is pretty much the same as ISA owning it. Sort of like “owning” a house in Banff – in reality you are leasing it under a 99 year lease from the Federal Government but no one would suggest it is any different in practice than owning it outright. Your the guy that gets to enjoy it i.e. use it, rent it out etc. not the government.