Post by
RetailRube on Nov 22, 2015 1:27pm
Why is 24 cents the right price now?
Ok, trading has stabliized at 24 cents/share. Why stop there? Maybe the 23 cent/unit hot-money guys are getting their money back and just keeping the 5-year options for free. But there is C$50m cash in the bank, about C$10m debt that has to be repaid, plus potential of US$137m milestones from Ipsen (US$10m paid already) = C$170 still to be paid. So 50 - 10 + 170 = C$210m. Divide by 290m shares = 72 cents. That does not include the value of royalties from Europe. We actually can't calculate the value of the company until Berendt announces how he is going to proceed from here. So Berendt's press release on going-forward is the next big event. Then HT can begin his count-down again. Speaking of HT, where is he?.
Comment by
HighteawithIntrepid on Nov 22, 2015 1:47pm
Hi: RR ... I have posted but awaiting transcript to confirm that several no votes were likely not true no votes. I am still in the hold buy more if you can camp. But this has never been a stock without FUBARs. We have never been the fair haired child. Ours has been the rocky road. HT
Comment by
clangordon on Nov 22, 2015 2:04pm
well stated and proved. hold them near and dear: buy more!