The last part is the important part that many seem to conveniently delude themselves into ignoring. Of course, a rerate should occur on the back of any milestone DVP achieves, whether it be funding, off-takes or whatever...but, but, but, how much damage would have occurred to the company's mcap by that time that would render it profitable or not?
I'm sure if this drifted down to sub $1 and new investors dived in only to experience a 100% rerate on the back of such an Ann, they'd think management were the bee's knees. Would today's entrants though think the same? Hmmm...
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