RE: RE: Projection of PPsHey Nobul,
No I would not treat it as a multiple as they aren't year over year earnings.
However, if it does make it through phase III, which will be very difficult to do, then you run into royalties which could be a few percent of sales.
I have heard other valuations of 50 cents for this company at this point, and this is most likely where that valuation is coming from.