How much dilution will we have during the next 12 to 18 months? As the drugs progress, the company will need to raise capital to scale and I assume that means some big rounds of financing or private placements (PP). Unless Leo and Menon decide to sell very early, we'll have a situation like what just happened at IMUC. It was trading around $3 then did a PP for 20M and the stock got crushed. It will come back as the science proves out but it's been a tough ride in the short term.

I think we get diluted by up to 25 to 50% in the next 12 to 18 months. Still a potential for a big return but I think the company will have another 50M shares that we need to consider in calculating our return and its market cap.

It should be an exciting week ahead!