.85-95 ASX ($25-$30 USD) by June 2018, page-40

He means the IMCOB options are out of the money by 13 cents & trading at 11cents. So 24 for options, but people getting 3-3.5x leverage. In USA options to buy IMRN are trading at $4.10 when IMRN was trading at $11.50. I ran a Blackscholes option pricing model on 5 yr options with $10 exercise when IMRN was ~$5 & they worth about $5 then. I also ran the model with assuming IMRN market was trading $10 & what was the worth of IMRNW even though 'at the money', not 'in the money' & on 100%vols the IMRNW were worth north of $8 each. So I scooped up boat loads sub $1.50. There are still massively undervalued. Oh my god this sp is going to start flying in next 1-2months!! It is just stupidly mispriced, but it is changing albeit slower than we'd like. Patience will be rewarded. As Warren Buffett says the stock market is a mechanism that transfers wealth from the impatient to the patient.