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Biotech / Medical : Biotech for less than cash value -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (414)10/13/2017 5:37:21 PM
From: scaram(o)uche  Respond to of 684
 
Anybody, looking at the chart, will realize that the MC was recently down to under $30M.

I guess that I'm seeing things correctly. Frankly, I find that to be bewildering.... discounted that steeply to both book and cash, but.... hey!

Anyway, I'm concerned with whether or not 2.50 is a bargain, while the smart folk were buying a month ago.....

Message 31303334



To: scaram(o)uche who wrote (414)10/15/2017 12:01:51 AM
From: rkrw  Read Replies (1) | Respond to of 684
 
Your pro forma market cap is way too low. I have an estimate of 147m fully diluted shares post merge, subject to some adjustment if they have above or below a certain amount of cash on hand at closing time. Stock crashed to 89 cents after the merge was announced, pissed off ITEK shareholders I guess.