Post by
supserstar on Jul 24, 2014 11:51am
if you think this stock is a buy post now and explain why
first of all, i would like to ask raging bull to stop posting. i don't know why you post so often here. you call bnc "your company", does that mean you don't own any? if you don't why do you post so often, so much drivel?
second, i would like to call upon the informed shareholders here to post at least once a day if not twice a day, to express your thoughts and opinions on what is happening and what will happen.
I believe the news on Friday was revolutionary for this company. I believe the fact that BNC no longer has to do any trials is an absolute gamechanger for this company AND its shareholders. Urocidin was quoted by McRae as being a $800 million per year drug if approved. Now the name apparently has been changed and it is being referred to as MCNA and the corporate presentation says it has the potential tol be $200 million in the US and $200 million in the rest of the world.
I am not sure how much that will actually translate into...one would think around 65%, so lets say it is $135 million in the US and $135 in the rest of the world for a total of $270 million per year.
$270 million per year, if BNC can get a 20% royalty is worth $54 million per year in cash flow. at ten times ebitda BNC should be valued at $540 million.
when a partnership is agreed upon, one would think bnc will get $40 million up front and another $40 million when the drug is approved. That adds $80 million to the $540 million. With 160 million shares out that is 620 million /160 million = 3.87 in 18-24 months. That is a 1300% return, and the likelihood seems to me very high.
Can anyone explain why institutions aren't buying this with both fists?
can anyone explain what brain damaged retail investors are selling at .29 or for that matter .39?
near term catalysts include
1) sale of the vmc
2) nasdaq listing
3) mgmt spending more than zero time promoting their stock
4) likely partnership
5) possible buyout
6) possible acquisition when the share price is higher, of another drug asset
i am frustrated by today's price so remind myself of the above and wonder if i haver more money in my couch to buy more shares. this may be the best buy of my life.
other people bullish on the stock please post, we need to have a group hug to get us through days like these on the markets.
can anybody explain why there has been zero press on this announcement other than a story on stockhouse? nothing in the globe and mail, nothing in the financial post, nothing on bnn.
this company doesnt have anybody whose job it is to be responsible for the share price and finding buyers everyday. that is a big mistake by mgmt as the ultimate terms of a buyout or partnership will depend on the strength of the stock as an indicator of interest in the company and its products.