Don't think I could bring myself to do it - once bitten twice shy - as they say!
The stock is running on rumour and research with fancy valuations that are either fanciful or based on information that is an analysts guess.
Been there before with this stock - and am VERY WARY of broker valuations.
It may well get a takeover offer but why would Merck have waited so long - they could have wrapped it up at 15-18c.
The cash is still disappearing at a rate of knots and in the absence of some deal I assume a capital raising will be forthcoming in Q2 if you can trust the numbers in their last quarterly cash report.
Don't think I could bring myself to do it - once bitten twice...
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