its an interesting position really, as impatience can lend itself to some selling.
but you could equally value it at 20m or 200m?
either rational stands.
Either can be justified. it just depends on who takes a glass half full stance, such as a bill gates, or other industrial jv strategic partnering opportunity.
If this hit the ignition button, it could fly, and justifiably with a world wide marketing niche, and essential buying if you are effected by ineffective conventional insecticides.
Plenty of tech, in the telco, data, etc, flew to 100m mc, with nothing in hand as earnings to see .
Market can pay a premium for a concept, yet alone one with a significant humanitarian, and crop pest need.
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