Valuation, page-2

Let me make sure i've read your email correctly Livermore b4 I comment - you got a recommendation from a friend and you are disappointed and you're now looking for reassurance from total strangers (some who may be friendly and others not so, in an open stock forum).

If you read thru other posts, you'll see that I and a number of shareholders are very bullish SPL, even though they (management) continue to disappoint and i think would be safe to say, have not met a single target date in a very long time. The technology looks very promising and that's what keeps us in hope. With the 90% successful pfizer vaccine, this will most likely depress the sp, however, it is not the main game, and if the virus mutates, then a vaccines will be required on an ongoing basis in which case a nasal spray with 99% effectiveness could become very lucrative.

Their main game (reformulation of cancer drugs past their patent expiry), is a multi-billion dollar opportunity (when it materialises), but you've gotta have a lot of faith.

Good luck if you wish to continue holding and welcome.