looking more and more like we might have to wait until the New year to complete this computershare fiasco.
I noticed Compass pathways on a bit of a tear the past month. Closed yesterday CMPS 7.70 Market Cap about 470 mil. EV about 350 i think. Our MC 70m cash about 20m equates to an Enterprise value about 50m.
We often compared compass as one of our closest peers before, if so we are 6-7 times below. I don't think they are overvaelued because they were nearly two billion dollar company before 60 bucks. So the truth is more like we are grossly undervalued.. Hopefully we can play catch up in the new year.
IHL Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
