Another excerpt from the Seeking Alpha Article - s
Post# of 36536
This valuation conservatively estimates the potential market penetration in China and also assumes that COVID-19 does not mutate and require new vaccinations year after year, like the annual flu shot. It is also likely that the Ii-Key will be used against the arising swine flu in China, although that is also not taken into account in this model.
Generex shares, calculated to be worth $5.44 based on the current anticipated licensing agreements overseas only and ignoring all other aspects of Generex's business, appear undervalued. This is based on the potential of the Ii-Key vaccine to produce royalties in Malaysia and China. However, these royalties are completely speculative and revenues could vary considerably from these forecasts, higher and lower.
https://seekingalpha.com/article/4373034-gene...ompetition