Given Edisons report conservatively suggests the unrisked value of the company is $1.7billion which works out to about $7.20 per share. We are at a huge discount to this at the mo for obvious reasons, but I feel confident this product is a real challenger and will get approval. I understand there will need to be more rounds of funding but given the cap is way below where it should be, there needs to be a large premium paid to satisfy my perceived loss through dilution. I have been waiting a long time. I cant wait to hear what happens on Monday, hopefully it is positive news.
VLA Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held
