Macrae you have done it again.
yes based on cash in bank ($76mill), the sp should be valued at $1.26.
hence almost another 100% to go, based on current mkt cap of $40mill...
after your call on Wed/Thurs, spoke to a biotech broker this morning and he said, a screaming buy under a $1 and expect an update from the company next week, which will send the sp north...
76m in cash 40m market cap: monkey buy, page-2
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