Value of Bioniche $1.50 is a lot better than nada! Although I believe our value should be north of $2 with the cash situation cleared up and deals in place. With Urocidin (.50 to .70 up front, plus a dollar for Urocidin once cash and burn is addressed- $1.50 for outright sale), GMP for vaccine plant, (.50 to .70 at least I am told) Animal health (1.00 to 1.20) MCC Human, Oncocidin Human, SinSusto Human (.40 to .70 once cash and burn is cleared up) Take away debt of .55, we are left with substantially more than $1.50. Graeme's reputation of spending without any oversight, has put a drag onto our stock to the tune of a multiple of .18.
We are getting a meeting before AH is sold without a doubt. If that is Nov 4th and we have our cash crunch sorted out with up front Urocidin money, then so be it.
It is hard to find a scenario that doesn't take our stock exponentially higher than what we trade at now. Graeme gone in proxy battle - higher, Animal Health sold- higher, Urocidin partnerships signed - higher, Urocidin sold - higher, GMP validated - higher, Plant sold - higher. The only way we don't, is if we go bankrupt, and that is highly unlikely with the treasure chest of assets we possess. GLTA
beech