Froll is bashing over at the swamp: Based on th
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Posted On: 12/18/2018 8:40:32 PM
Froll is bashing over at the swamp:
I disagree with him completely. We likely have somewhere between $500,000 and $3 million cash on hand. That means with a $20M market cap, the market is pricing us at about 7-40 times cash on hand. That means it is confident we will get a deal but that it will be a small one. I, for one, am glad to see such enthusiasm from the OTC despite the vicious attacks and recent bad news regarding Prurisol.
Some people are just such downers.
Go IPIX!
Quote:
Based on this low market cap, the market doesn't think we're getting a B deal.
I disagree with him completely. We likely have somewhere between $500,000 and $3 million cash on hand. That means with a $20M market cap, the market is pricing us at about 7-40 times cash on hand. That means it is confident we will get a deal but that it will be a small one. I, for one, am glad to see such enthusiasm from the OTC despite the vicious attacks and recent bad news regarding Prurisol.
Some people are just such downers.
Go IPIX!
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(1)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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