a company in such a position is always worth less than net assets.
You are completely ignoring multiple risk factors and the time erosion of funds on hand.
But I will give you what I think is the biggest risk factor. The company has enough money to fund a fews years study into what else could be investigated such as a bigger study into long term covid effects of brain.
Of course this wont happen overnight , but what you guess the company holds in cash 31 Dec 24 , and what it will look like in 12 -24 months time will be completely different.
There are reasons why Platinum bailed and it doesnt include stupidity.
PER Price at posting:
0.8¢ Sentiment: None Disclosure: Held
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