Ann: Shareholder Update Q3 2018, page-12

given all the information available on the company, their strategy and hopeful results from the trial, the current market cap (~$67M @ 0.081) is still quite conservative in my view. could easily reach $100M+ prior to readout and still be quite reasonably priced IMO.

particularly given typical transactions in similar spaces seem to be comfortably around the $200-300M range (from the companies latest presos), and from memory the $300M benchmark was also what marc sinatra arriced at using his "unorthodox" approach.

also from memory marcs analysis only tried to assign alue based on vlu, not dfu or any other indication.

of course DYOR