Originally posted by drifta
Yes it will be .003 shortly and then 3.5 and 4..not a lot of sell volume there so should head back to 1 cent range from that area in the very near future .
drifta
So at 1c it's market cap would be $ 8 mill to 10 mill? Paying over the odds by a factor of 5 - why would someone do that? There are cheaper clean shell out there already wound down and ready to go with larger tax losses in same sector.
What justification in numbers leads you to that statement?
They have a shell and some cash and unknown expenditure to date, closing program costs and under new R&D rules a limited refund claim.
Just being realistic what numbers are you using to get to $10 mill valuation. Any further work, projects are all going to require further cash and hence dillution as all work on existing molecules has stopped. Staff being let go? How are they going to create value over cash minus existing outgoing costs eroding that cash? Without further science (no longer have staff to do it) and trials their IP is worth bugger all but costs to $ to maintain.