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16/06/18
15:24
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Originally posted by Hoyland
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A 50 bagger by Christmas. Lawrence, we all admire your optimism and we all wish you were right, but there is a line between being optimistic and being ridiculous. A 50 bagger by by Christmas is the latter. Just do the maths.
At 15c a share, currently, a 50 bagger would see a share price of $7.50. There are 257M shares on the market (without including Options). A 50 bagger would therefore produce a market cap of $$1.9B. So you are saying that, without any other capital and with only about $12M in the bank by year's end, the cancer results will drive up the value in the company to this level because new investors will pour in. Seriously, does that sound plausible?
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Was this plausible?
https://www.nasdaq.com/symbol/arwr/interactive-chart
Arrowhead $1.60 mid 2013 then rose to $24 by early 2014
Arrowhead $1.44 mid 2017 then rose to $11 mid 2018
And we may just cure cancer by 2020.