RE: LFB To Pay 95 million Euros!!! 1 EUR = 1.3 CAD so 95 MM Euro = 123 MM$ CAD
123 MM$ CAD / 35MM Shares = 3.52$ /shares CASH
PLUS they have 16% of Caprion with recent annual sales of 42 MM$
PLUS they still own the rights for the whole North America... which probably 250 MM$/annual just in hospital inventory turnover.
my target is 10$ but I'm an ignorant chimpanzee.
If phase II high dose is successful and another German like E. Coli outbreak happens, considering the orphan status of the drug, a special autorisation could be given by the FDA or the Euro health authority to give it to people dying. The stock would sky rocket...
Now why is it trading so low? My guess would be that it's because of Neurochem like fiasco, Conjuchem's disaster, Adaltis, etc. name it! The whole biotech sector is a failure. TLN is a survivor, a tough one.
After a successful phase II which we are awaiting results in April, the whole picture will change, deep pockets will jump in and pay whatever the price is. Again, this is my personal opinion and of course I am long, I have more shares than Deadlock.
I think that there is about 1 million "loose" shares, that is what day traders buy/sell... if this 1 million shares gets bought out, we will climb like a staircase. See you at the top:)
Disclosure: I am not recommending anything, you do your own trading decisions.
The purpose of my posts are informative, highly speculative and/or for fun only. Basically, I'm retarded:)
Trading stocks can ruin you!
I have lost my shirt many times in the past. You do your own investment decisions,
I am not giving any professional advices here, if you are not sure about what you are doing
go to your bank and buy a locked GIC and prosper! You can take this last sentence as a recommendation:)
May success knock at the braves' door! "A number 1, Top of the list, King of the Hill...."