Ann: Further Analysis of Phase 2 PTSD Trial Results Presentation, page-16

ity its not even worth $50m!

I gave up believing the hype valuations that management want the ill informed mug punters to swallow some time ago.

Its no different to junior miners with nomoney spruiking the massive NPV of their wonerful discoveries.

In the case of explorers everyone forgets the massive dilution that is almost always required to finance and build a mine.

It is no different with a promising Phase I or II drugcandidate.

Sell into the spike because it won't last.

Won't everyone be surprised to discover that BGF have sold a swag of shares taken up in the recent placement!

Thats just speculation - but it would not surprise me in the least.

Who the heck bought all that stock yesterday I wonder - was it all just mug punters????

I guess we'll find out soon enough if it was a substantial shareholder..........