RE:Cash per share of .033 and trading at .04Actually, you have to consider the shares that they own of IMNP nearly as good as cash too. Although IMNP shares don't trade much.
I see some research out there that shows 15 to 20 cents per share is fair value:
https://www.stockrants.com/2014/06/10/ico-therapeutics-inc-icotf-upgraded-by-zacks-to-neutral.html
https://tsxnews.blogspot.ca/2014/08/Biotech-Company-Comes-Back-To-Life.html